Altrius Capital Management Inc Sells 211 Shares of International Business Machines Co. (NYSE:IBM)

Altrius Capital Management Inc lowered its holdings in International Business Machines Co. (NYSE:IBM) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 25,180 shares of the technology company’s stock after selling 211 shares during the quarter. Altrius Capital Management Inc’s holdings in International Business Machines were worth $4,118,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IBM. Avestar Capital LLC raised its stake in shares of International Business Machines by 28.5% during the 3rd quarter. Avestar Capital LLC now owns 2,606 shares of the technology company’s stock worth $366,000 after acquiring an additional 578 shares in the last quarter. Ascent Wealth Partners LLC bought a new position in shares of International Business Machines during the 3rd quarter worth approximately $230,000. Commonwealth Equity Services LLC raised its stake in shares of International Business Machines by 2.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 728,412 shares of the technology company’s stock worth $102,196,000 after acquiring an additional 17,516 shares in the last quarter. TFC Financial Management Inc. raised its stake in shares of International Business Machines by 19.4% during the 3rd quarter. TFC Financial Management Inc. now owns 12,664 shares of the technology company’s stock worth $1,777,000 after acquiring an additional 2,062 shares in the last quarter. Finally, RMR Wealth Builders raised its stake in shares of International Business Machines by 2.7% during the 3rd quarter. RMR Wealth Builders now owns 3,375 shares of the technology company’s stock worth $474,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM traded up $0.30 during trading hours on Monday, reaching $167.43. 5,242,272 shares of the company were exchanged, compared to its average volume of 5,011,007. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock’s 50-day moving average is $187.60 and its 200-day moving average is $170.53. The firm has a market cap of $153.49 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 4.08 and a beta of 0.70. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. On average, sell-side analysts anticipate that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 75.20%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Jefferies Financial Group cut their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Morgan Stanley cut their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday. UBS Group upped their price target on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. Finally, Sanford C. Bernstein upped their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $184.08.

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.