International Business Machines Co. (NYSE:IBM) Shares Sold by Wealth Alliance

Wealth Alliance lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,995 shares of the technology company’s stock after selling 154 shares during the quarter. Wealth Alliance’s holdings in International Business Machines were worth $1,318,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IBM. International Assets Investment Management LLC lifted its holdings in International Business Machines by 20,324.5% during the 3rd quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock worth $600,373,000 after buying an additional 2,702,340 shares during the last quarter. Holocene Advisors LP bought a new position in International Business Machines during the 3rd quarter worth approximately $573,306,000. State Street Corp lifted its holdings in International Business Machines by 2.2% during the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock worth $12,307,940,000 after buying an additional 1,200,803 shares during the last quarter. KBC Group NV lifted its holdings in International Business Machines by 90.4% during the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock worth $370,909,000 after buying an additional 800,930 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in International Business Machines by 23,311.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock worth $153,262,000 after buying an additional 694,204 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the topic of a number of research analyst reports. Morgan Stanley increased their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Wedbush initiated coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Bank of America raised their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Up 0.3 %

IBM opened at $263.98 on Thursday. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The stock has a market cap of $244.08 billion, a P/E ratio of 41.18, a P/E/G ratio of 5.73 and a beta of 0.76. The stock’s 50 day moving average price is $234.00 and its 200 day moving average price is $220.96. 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 issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts predict that International Business Machines Co. will post 10.77 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

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.