International Business Machines Corporation $IBM Shares Sold by TCM Advisors LLC

TCM Advisors LLC lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 54.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,200 shares of the technology company’s stock after selling 3,800 shares during the quarter. TCM Advisors LLC’s holdings in International Business Machines were worth $943,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of International Business Machines by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after purchasing an additional 1,913,708 shares during the period. Geode Capital Management LLC increased its stake in International Business Machines by 1.9% in the second quarter. Geode Capital Management LLC now owns 21,936,235 shares of the technology company’s stock valued at $6,444,527,000 after purchasing an additional 400,131 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company’s stock worth $2,147,608,000 after buying an additional 524,633 shares during the period. Legal & General Group Plc boosted its stake in International Business Machines by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 7,126,503 shares of the technology company’s stock worth $2,100,751,000 after buying an additional 234,318 shares during the last quarter. Finally, Norges Bank acquired a new stake in International Business Machines in the 2nd quarter worth about $2,011,122,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Oppenheimer initiated coverage on shares of International Business Machines in a research note on Friday, November 21st. They set an “outperform” rating and a $360.00 price objective for the company. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. BMO Capital Markets increased their price target on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. UBS Group boosted their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Finally, Stifel Nicolaus cut their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $291.08.

International Business Machines Trading Up 1.7%

Shares of IBM opened at $307.82 on Friday. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The stock’s 50-day moving average is $296.44 and its two-hundred day moving average is $276.09. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market cap of $287.73 billion, a PE ratio of 36.82, a P/E/G ratio of 3.01 and a beta of 0.69.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.30 EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.