Brown Advisory Inc. Cuts Stock Position in International Business Machines Corporation $IBM

Brown Advisory Inc. lessened its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,611 shares of the technology company’s stock after selling 6,230 shares during the quarter. Brown Advisory Inc.’s holdings in International Business Machines were worth $81,046,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Basepoint Wealth LLC purchased a new position in International Business Machines in the fourth quarter worth $25,000. Family CFO Inc purchased a new position in International Business Machines in the fourth quarter worth $25,000. Joseph Group Capital Management purchased a new position in International Business Machines in the fourth quarter worth $28,000. SWAN Capital LLC purchased a new position in International Business Machines in the third quarter worth $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in International Business Machines in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IBM. Barclays started coverage on International Business Machines in a research report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price objective for the company. Oppenheimer lowered their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Needham & Company LLC started coverage on International Business Machines in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered International Business Machines from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines Stock Down 0.2%

Shares of NYSE:IBM opened at $271.77 on Monday. The stock’s 50-day moving average price is $250.02 and its two-hundred day moving average price is $270.10. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a 12-month low of $212.34 and a 12-month high of $332.46. The firm has a market cap of $255.43 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.82 and a beta of 0.66.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.60 EPS. On average, research analysts forecast that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. International Business Machines’s payout ratio is 59.77%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.