Transatlantique Private Wealth LLC Has $1.44 Million Position in International Business Machines Co. (NYSE:IBM)

Transatlantique Private Wealth LLC cut its stake in International Business Machines Co. (NYSE:IBM) by 23.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,452 shares of the technology company’s stock after selling 2,608 shares during the period. Transatlantique Private Wealth LLC’s holdings in International Business Machines were worth $1,444,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after buying an additional 5,546,855 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of International Business Machines by 151.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock worth $671,352,000 after acquiring an additional 2,118,165 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in International Business Machines by 306.3% in the second quarter. Thrivent Financial for Lutherans now owns 1,401,798 shares of the technology company’s stock valued at $242,441,000 after acquiring an additional 1,056,759 shares during the last quarter. Strategic Financial Concepts LLC raised its position in International Business Machines by 12,282.2% during the second quarter. Strategic Financial Concepts LLC now owns 472,382 shares of the technology company’s stock valued at $817,000 after purchasing an additional 468,567 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in International Business Machines by 79.4% during the first quarter. National Bank of Canada FI now owns 922,496 shares of the technology company’s stock worth $176,160,000 after purchasing an additional 408,230 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. BMO Capital Markets boosted their price target on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Stifel Nicolaus lifted their target price on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Evercore ISI lifted their price target on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, The Goldman Sachs Group began coverage on shares of International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $188.60.

International Business Machines Stock Performance

NYSE IBM opened at $217.63 on Friday. The company has a market capitalization of $199.92 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 4.67 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $218.84. The stock has a fifty day simple moving average of $196.52 and a 200 day simple moving average of $184.38.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the company earned $2.18 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

About International Business Machines

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.