ORG Partners LLC Sells 3,702 Shares of International Business Machines Co. (NYSE:IBM)

by · The Markets Daily

ORG Partners LLC reduced its stake in International Business Machines Co. (NYSE:IBM – Free Report) by 25.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,613 shares of the technology company’s stock after selling 3,702 shares during the quarter. ORG Partners LLC’s holdings in International Business Machines were worth $2,348,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines during the 1st quarter worth approximately $26,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines during the 1st quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines during the 2nd quarter worth approximately $36,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 1.1 %

Shares of IBM stock traded up $2.53 during trading hours on Monday, hitting $235.79. 517,696 shares of the company’s stock traded hands, compared to its average volume of 4,189,728. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $235.84. The stock’s 50 day simple moving average is $207.67 and its 200 day simple moving average is $187.62. The stock has a market cap of $216.60 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM – Get Free Report) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter last year, the firm earned $2.18 earnings per share. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is 75.65%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IBM shares. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. The Goldman Sachs Group increased their price target on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. UBS Group increased their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus increased their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $198.41.

Check Out Our Latest Analysis on IBM

International Business Machines Profile

(Free Report)

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.

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