International Private Wealth Advisors LLC Sells 86 Shares of International Business Machines Co. (NYSE:IBM)

International Private Wealth Advisors LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,600 shares of the technology company’s stock after selling 86 shares during the quarter. International Private Wealth Advisors LLC’s holdings in International Business Machines were worth $354,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC grew its stake in International Business Machines by 9.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 24,798 shares of the technology company’s stock valued at $4,735,000 after buying an additional 2,111 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of International Business Machines by 1.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 11,137 shares of the technology company’s stock valued at $2,127,000 after purchasing an additional 127 shares during the last quarter. Searle & CO. increased its stake in shares of International Business Machines by 0.5% in the first quarter. Searle & CO. now owns 22,205 shares of the technology company’s stock worth $4,240,000 after purchasing an additional 102 shares during the period. Glaxis Capital Management LLC acquired a new position in shares of International Business Machines during the 1st quarter worth about $382,000. Finally, Nwam LLC boosted its stake in International Business Machines by 125.9% during the 1st quarter. Nwam LLC now owns 28,196 shares of the technology company’s stock valued at $5,384,000 after purchasing an additional 15,716 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on IBM shares. The Goldman Sachs Group upped their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Morgan Stanley dropped their price objective on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Bank of America raised their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $208.12.

International Business Machines Trading Down 1.9 %

Shares of IBM stock traded down $4.05 on Thursday, hitting $206.87. The stock had a trading volume of 1,756,688 shares, compared to its average volume of 4,217,446. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a twelve month low of $150.40 and a twelve month high of $237.37. The company has a fifty day moving average price of $218.58 and a two-hundred day moving average price of $193.11. The firm has a market cap of $191.28 billion, a P/E ratio of 30.70, a PEG ratio of 4.74 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. As a group, analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s payout ratio is currently 97.23%.

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.