Gibraltar Capital Management Inc. Reduces Position in International Business Machines Co. (NYSE:IBM)

Gibraltar Capital Management Inc. decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,319 shares of the technology company’s stock after selling 3,497 shares during the period. International Business Machines accounts for 3.2% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 11th biggest position. Gibraltar Capital Management Inc.’s holdings in International Business Machines were worth $7,575,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Desjardins Global Asset Management Inc. grew its position in shares of International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares during the period. Calamos Wealth Management LLC grew its position in shares of International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after purchasing an additional 55 shares during the period. Avion Wealth grew its position in shares of International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after purchasing an additional 56 shares during the period. Northwest Capital Management Inc grew its position in shares of International Business Machines by 5.0% in the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock valued at $201,000 after purchasing an additional 59 shares during the period. Finally, Financial Security Advisor Inc. grew its position in shares of International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.7 %

Shares of NYSE:IBM traded down $1.24 during trading on Tuesday, hitting $166.19. The company’s stock had a trading volume of 6,010,206 shares, compared to its average volume of 5,023,267. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The stock’s 50-day moving average price is $186.85 and its two-hundred day moving average price is $170.91. The company has a market capitalization of $152.35 billion, a PE ratio of 18.82, a PEG ratio of 4.08 and a beta of 0.70.

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

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $1.67 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 4.02%. International Business Machines’s payout ratio is 75.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IBM shares. Jefferies Financial Group lowered their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. UBS Group lifted their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. reduced their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. BMO Capital Markets reduced their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Finally, Royal Bank of Canada lifted their target price on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $184.08.

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.