Alliance Wealth Advisors LLC UT Sells 204 Shares of International Business Machines Co. (NYSE:IBM)

Alliance Wealth Advisors LLC UT cut its holdings in International Business Machines Co. (NYSE:IBM) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,387 shares of the technology company’s stock after selling 204 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in International Business Machines were worth $2,353,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Ballentine Partners LLC increased its holdings in International Business Machines by 1.5% in the third quarter. Ballentine Partners LLC now owns 12,826 shares of the technology company’s stock worth $1,799,000 after purchasing an additional 194 shares in the last quarter. TFG Advisers LLC increased its holdings in International Business Machines by 11.6% in the third quarter. TFG Advisers LLC now owns 7,538 shares of the technology company’s stock worth $1,058,000 after purchasing an additional 786 shares in the last quarter. First Personal Financial Services increased its holdings in shares of International Business Machines by 23.8% during the third quarter. First Personal Financial Services now owns 3,544 shares of the technology company’s stock valued at $497,000 after acquiring an additional 681 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of International Business Machines by 45.5% during the third quarter. MCF Advisors LLC now owns 1,683 shares of the technology company’s stock valued at $236,000 after acquiring an additional 526 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of International Business Machines by 0.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 126,269 shares of the technology company’s stock valued at $17,715,000 after acquiring an additional 765 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a report on Wednesday, April 17th. BMO Capital Markets decreased their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday. Royal Bank of Canada boosted their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Jefferies Financial Group cut their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $184.08.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $1.78 during trading hours on Friday, hitting $167.13. The company’s stock had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. The business has a 50 day moving average price of $187.60 and a two-hundred day moving average price of $170.15. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The company has a market cap of $153.21 billion, a PE ratio of 18.94, a PEG ratio of 3.33 and a beta of 0.70. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 3.97%. International Business Machines’s payout ratio is 75.20%.

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.