Neville Rodie & Shaw Inc. Has $16.25 Million Position in International Business Machines Corporation $IBM

Neville Rodie & Shaw Inc. trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,587 shares of the technology company’s stock after selling 2,231 shares during the quarter. International Business Machines makes up 1.2% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 22nd biggest holding. Neville Rodie & Shaw Inc.’s holdings in International Business Machines were worth $16,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Family CFO Inc bought a new stake in International Business Machines during the 2nd quarter worth approximately $25,000. Winnow Wealth LLC bought a new stake in shares of International Business Machines in the second quarter worth $27,000. Silicon Valley Capital Partners grew its stake in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the period. Finally, Copia Wealth Management raised its position in International Business Machines by 57.6% during the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 0.5%

Shares of International Business Machines stock opened at $309.33 on Monday. The stock’s 50-day moving average is $299.47 and its 200 day moving average is $278.32. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The firm has a market cap of $289.14 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 3.08 and a beta of 0.69. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 earnings per share. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio is currently 80.38%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IBM. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Bank of America raised their price objective on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Oppenheimer assumed coverage on International Business Machines in a report on Friday, November 21st. They issued an “outperform” rating and a $360.00 target price on the stock. BMO Capital Markets increased their target price on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group boosted their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $293.38.

International Business Machines 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.