Financial Advisors LLC Sells 2,948 Shares of International Business Machines Co. (NYSE:IBM)

Financial Advisors LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM) by 59.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,986 shares of the technology company’s stock after selling 2,948 shares during the quarter. Financial Advisors LLC’s holdings in International Business Machines were worth $325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stonebrook Private Inc. acquired a new position in International Business Machines in the 4th quarter valued at $354,000. Principle Wealth Partners LLC raised its position in shares of International Business Machines by 1.3% during the fourth quarter. Principle Wealth Partners LLC now owns 56,727 shares of the technology company’s stock worth $9,278,000 after acquiring an additional 733 shares during the last quarter. PGGM Investments raised its position in shares of International Business Machines by 44.2% during the fourth quarter. PGGM Investments now owns 23,531 shares of the technology company’s stock worth $3,848,000 after acquiring an additional 7,210 shares during the last quarter. Opinicus Capital Inc. bought a new position in shares of International Business Machines during the fourth quarter worth about $487,000. Finally, Bank OZK bought a new stake in International Business Machines in the fourth quarter worth approximately $220,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

International Business Machines stock traded down $1.78 during mid-day trading on Friday, reaching $167.13. 8,983,796 shares of the company were exchanged, compared to its average volume of 3,906,041. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13. The firm’s 50-day simple moving average is $187.60 and its two-hundred day simple moving average is $170.34. The firm has a market cap of $153.21 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter last year, the business posted $1.36 earnings per share. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. Equities analysts predict that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 75.20%.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday. Sanford C. Bernstein boosted their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Morgan Stanley cut their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday. Societe Generale reiterated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. Finally, Jefferies Financial Group dropped their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.08.

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.