Freestone Capital Holdings LLC Sells 999 Shares of International Business Machines Co. (NYSE:IBM)

Freestone Capital Holdings LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 6.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,831 shares of the technology company’s stock after selling 999 shares during the period. Freestone Capital Holdings LLC’s holdings in International Business Machines were worth $3,041,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IBM. Compass Financial Services Inc bought a new stake in International Business Machines during the fourth quarter valued at about $26,000. Hara Capital LLC bought a new stake in International Business Machines during the third quarter valued at about $29,000. Vision Financial Markets LLC bought a new stake in International Business Machines during the fourth quarter valued at about $31,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Finally, Valued Wealth Advisors LLC lifted its position in shares of International Business Machines by 134.3% in 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. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.7 %

IBM stock opened at $251.40 on Thursday. The firm has a market cap of $233.11 billion, a PE ratio of 39.22, a PEG ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm’s 50 day moving average price is $240.04 and its 200-day moving average price is $225.58. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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 38.99%. On average, equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.66%. International Business Machines’s payout ratio is 104.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IBM. Oppenheimer began coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two equities 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, the stock has an average rating of “Hold” and an average price target of $231.44.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

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.