China Universal Asset Management Co. Ltd. Cuts Stock Holdings in International Business Machines Corporation $IBM

China Universal Asset Management Co. Ltd. lowered its stake in International Business Machines Corporation (NYSE:IBM) by 38.4% during the 2nd quarter, Holdings Channel reports. The firm owned 3,165 shares of the technology company’s stock after selling 1,974 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in International Business Machines were worth $933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IBM. Lifestyle Asset Management Inc. boosted its stake in International Business Machines by 1.7% during the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after buying an additional 36 shares during the last quarter. Whelan Financial raised its holdings in shares of International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after acquiring an additional 36 shares in the last quarter. Ignite Planners LLC raised its holdings in shares of International Business Machines by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after acquiring an additional 36 shares in the last quarter. Blue Edge Capital LLC boosted its position in shares of International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after acquiring an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC grew its holdings in shares of International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IBM shares. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Friday, December 5th. Bank of America upped their target price on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Jefferies Financial Group lifted their price target on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

International Business Machines Price Performance

IBM stock opened at $309.33 on Monday. The stock has a market cap of $289.14 billion, a PE ratio of 37.00, a P/E/G ratio of 3.08 and a beta of 0.69. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The company has a 50-day moving average price of $299.47 and a 200 day moving average price of $278.32. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a dividend of $1.68 per share. The ex-dividend date was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

International Business Machines Company 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.