Schnieders Capital Management LLC Sells 445 Shares of International Business Machines Co. (NYSE:IBM)

Schnieders Capital Management LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 48,813 shares of the technology company’s stock after selling 445 shares during the period. International Business Machines makes up 1.8% of Schnieders Capital Management LLC’s holdings, making the stock its 14th largest position. Schnieders Capital Management LLC’s holdings in International Business Machines were worth $7,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its position in shares of International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after acquiring an additional 80,474 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after buying an additional 57,170 shares in the last quarter. Herold Advisors Inc. increased its position in shares of International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after buying an additional 688 shares in the last quarter. Tsfg LLC increased its position in shares of International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after buying an additional 109 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of International Business Machines in the 3rd quarter valued at $661,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.2 %

Shares of International Business Machines stock traded up $0.29 during trading hours on Tuesday, reaching $182.19. 5,921,450 shares of the company’s stock were exchanged, compared to its average volume of 4,773,702. The company has a 50 day moving average of $188.35 and a two-hundred day moving average of $169.88. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The stock has a market cap of $167.02 billion, a P/E ratio of 22.41, a P/E/G ratio of 3.57 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 EPS. On average, sell-side analysts forecast that International Business Machines Co. will post 10.04 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.64%. International Business Machines’s payout ratio is 81.67%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IBM. Societe Generale restated a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Bank of America upped their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada upped their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $177.23.

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.