International Business Machines Co. (NYSE:IBM) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC reduced its holdings in International Business Machines Co. (NYSE:IBM) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 59,794 shares of the technology company’s stock after selling 2,110 shares during the quarter. International Business Machines makes up about 2.4% of Sargent Investment Group LLC’s portfolio, making the stock its 9th largest holding. Sargent Investment Group LLC’s holdings in International Business Machines were worth $13,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC increased its position in shares of International Business Machines by 9.3% during the first quarter. Kingsview Wealth Management LLC now owns 24,798 shares of the technology company’s stock worth $4,735,000 after buying an additional 2,111 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in International Business Machines by 1.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 11,137 shares of the technology company’s stock worth $2,127,000 after purchasing an additional 127 shares during the period. Searle & CO. grew its holdings in International Business Machines by 0.5% in the first quarter. Searle & CO. now owns 22,205 shares of the technology company’s stock worth $4,240,000 after purchasing an additional 102 shares during the period. Glaxis Capital Management LLC acquired a new stake in International Business Machines in the first quarter worth $382,000. Finally, Nwam LLC grew its holdings in International Business Machines by 125.9% in the first quarter. Nwam LLC now owns 28,196 shares of the technology company’s stock worth $5,384,000 after purchasing an additional 15,716 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on IBM shares. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Evercore ISI raised their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Morgan Stanley dropped their price objective on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. The Goldman Sachs Group raised their price target on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Stifel Nicolaus raised their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $208.12.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated 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 directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

International Business Machines stock traded down $3.93 during midday trading on Thursday, hitting $206.99. The stock had a trading volume of 2,258,436 shares, compared to its average volume of 4,219,716. The firm’s fifty day moving average is $218.58 and its two-hundred day moving average is $193.11. The company has a market capitalization of $191.39 billion, a PE ratio of 30.13, a P/E/G ratio of 4.74 and a beta of 0.71. International Business Machines Co. has a 52-week low of $150.40 and a 52-week high of $237.37. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.20 earnings per share. On average, research analysts forecast that International Business Machines Co. will post 10.11 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

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.