EagleClaw Capital Managment LLC Trims Holdings in International Business Machines Co. (NYSE:IBM)

EagleClaw Capital Managment LLC reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,127 shares of the technology company’s stock after selling 600 shares during the period. EagleClaw Capital Managment LLC’s holdings in International Business Machines were worth $3,786,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Darwin Wealth Management LLC purchased a new position in International Business Machines during the third quarter valued at $103,000. Portfolio Design Labs LLC bought a new position in shares of International Business Machines during the third quarter valued at $260,000. First Horizon Advisors Inc. raised its position in shares of International Business Machines by 1.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 195,789 shares of the technology company’s stock worth $43,285,000 after purchasing an additional 3,026 shares during the last quarter. Howe & Rusling Inc. boosted its stake in International Business Machines by 2.8% in the 3rd quarter. Howe & Rusling Inc. now owns 3,233 shares of the technology company’s stock worth $715,000 after purchasing an additional 88 shares in the last quarter. Finally, Jennison Associates LLC grew its position in International Business Machines by 11.5% during the 3rd quarter. Jennison Associates LLC now owns 522,131 shares of the technology company’s stock valued at $115,433,000 after purchasing an additional 53,658 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock traded down $0.18 during mid-day trading on Wednesday, reaching $210.07. 146,636 shares of the company’s stock traded hands, compared to its average volume of 4,209,207. International Business Machines Co. has a 12 month low of $153.51 and a 12 month high of $237.37. The firm has a 50 day moving average price of $218.98 and a two-hundred day moving average price of $194.50. The firm has a market capitalization of $194.24 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 4.60 and a beta of 0.71. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Evercore ISI upped their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a report on Wednesday, October 2nd. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price objective on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $208.12.

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.