LM Advisors LLC Decreases Stock Position in International Business Machines Corporation $IBM

by · The Cerbat Gem

LM Advisors LLC lessened its stake in International Business Machines Corporation (NYSE:IBM – Free Report) by 63.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,469 shares of the technology company’s stock after selling 4,230 shares during the period. LM Advisors LLC’s holdings in International Business Machines were worth $728,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. LMR Partners LLP purchased a new position in International Business Machines in the 2nd quarter worth approximately $19,014,000. ICONIQ Capital LLC boosted its stake in shares of International Business Machines by 13.3% during the second quarter. ICONIQ Capital LLC now owns 1,386 shares of the technology company’s stock valued at $409,000 after purchasing an additional 163 shares during the period. IHT Wealth Management LLC grew its holdings in shares of International Business Machines by 1.0% in the second quarter. IHT Wealth Management LLC now owns 16,633 shares of the technology company’s stock worth $4,903,000 after purchasing an additional 172 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its stake in shares of International Business Machines by 8.3% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 4,133 shares of the technology company’s stock worth $1,218,000 after buying an additional 315 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in International Business Machines by 17.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 46,361 shares of the technology company’s stock valued at $13,666,000 after buying an additional 6,894 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IBM shares. Royal Bank Of Canada cut their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a report on Wednesday. Bank of America boosted their price target on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Oppenheimer initiated coverage on International Business Machines in a report on Friday, November 21st. They issued an “outperform” rating and a $360.00 price objective for the company. Finally, Erste Group Bank raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and an average target price of $293.38.

Read Our Latest Research Report on IBM

International Business Machines Stock Performance

International Business Machines stock opened at $309.33 on Friday. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $289.14 billion, a P/E ratio of 37.00, a PEG ratio of 3.09 and a beta of 0.69. The stock’s 50 day moving average is $299.47 and its 200 day moving average is $278.09.

International Business Machines (NYSE:IBM – Get Free Report) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the previous year, the company posted $2.30 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

International Business Machines Company Profile

(Free Report)

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.

Further Reading

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