International Business Machines Co. (NYSE:IBM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 284,956 shares of the technology company’s stock after selling 1,308 shares during the quarter. Cetera Investment Advisers’ holdings in International Business Machines were worth $62,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors lifted its position in International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the period. Norges Bank purchased a new position in shares of International Business Machines during the 4th quarter valued at about $1,236,176,000. Raymond James Financial Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at about $592,746,000. Northern Trust Corp grew its holdings in International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares during the period. Finally, Vanguard Group Inc. raised its position in International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company’s stock valued at $20,189,023,000 after acquiring an additional 1,539,888 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.2 %

Shares of NYSE IBM opened at $249.60 on Wednesday. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $266.45. The company has a market capitalization of $231.98 billion, a P/E ratio of 38.94, a P/E/G ratio of 5.81 and a beta of 0.64. The company has a 50 day simple moving average of $242.99 and a 200-day simple moving average of $234.38. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 EPS. On average, equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is 115.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $276.00 target price on shares of International Business Machines in a research note on Monday, April 14th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, UBS Group restated a “sell” rating and set a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $248.50.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

About International Business Machines

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.