TCI Wealth Advisors Inc. Sells 73 Shares of International Business Machines Co. (NYSE:IBM)

TCI Wealth Advisors Inc. trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,933 shares of the technology company’s stock after selling 73 shares during the period. TCI Wealth Advisors Inc.’s holdings in International Business Machines were worth $1,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its stake in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after buying an additional 116 shares during the period. Hara Capital LLC bought a new position in International Business Machines in the 3rd quarter worth about $29,000. Avondale Wealth Management increased its position in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after acquiring an additional 56 shares during the period. Valued Wealth Advisors LLC raised its stake in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after acquiring an additional 90 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at approximately $40,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’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 completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Stock Up 12.9 %

International Business Machines stock opened at $258.22 on Friday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $261.80. The business has a fifty day moving average price of $225.96 and a 200-day moving average price of $213.86. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market capitalization of $238.76 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 4.25 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data 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 net margin of 9.60% and a return on equity of 40.37%. Equities research analysts forecast that International Business Machines Co. will post 10.54 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IBM shares. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Jefferies Financial Group lifted their price objective on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday. Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $225.53.

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.