Dearborn Partners LLC Lowers Stock Position in International Business Machines Co. (NYSE:IBM)

Dearborn Partners LLC cut its holdings in International Business Machines Co. (NYSE:IBM) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,941 shares of the technology company’s stock after selling 361 shares during the quarter. Dearborn Partners LLC’s holdings in International Business Machines were worth $12,368,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. ESL Trust Services LLC purchased a new stake in International Business Machines in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. boosted its position in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC bought a new position in International Business Machines during the 3rd quarter valued at approximately $29,000. Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines during the second quarter valued at $36,000. Finally, Wolff Wiese Magana LLC boosted its holdings in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after acquiring an additional 60 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $209.01 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $193.26 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. The firm’s 50 day moving average price is $218.58 and its 200-day moving average price is $193.11. International Business Machines Co. has a twelve month low of $150.40 and a twelve month high of $237.37.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the firm earned $2.20 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts expect that International Business Machines Co. will post 10.11 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.20%. International Business Machines’s payout ratio is currently 97.23%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IBM. Stifel Nicolaus raised their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group lifted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Bank of America increased their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Evercore ISI boosted their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus price target of $208.12.

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.