Capital Advisors Wealth Management LLC Reduces Position in International Business Machines Co. (NYSE:IBM)

Capital Advisors Wealth Management LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM) by 15.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,465 shares of the technology company’s stock after selling 450 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in International Business Machines were worth $542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of International Business Machines by 13.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock worth $13,350,000 after acquiring an additional 9,155 shares during the last quarter. Wealth Alliance grew its holdings in shares of International Business Machines by 4.3% in the second quarter. Wealth Alliance now owns 5,945 shares of the technology company’s stock valued at $1,028,000 after purchasing an additional 245 shares during the period. Mercer Global Advisors Inc. ADV increased its position in International Business Machines by 3.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 199,859 shares of the technology company’s stock worth $33,213,000 after purchasing an additional 6,885 shares during the last quarter. Seven Eight Capital LP purchased a new position in International Business Machines during the second quarter worth about $1,305,000. Finally, Marathon Trading Investment Management LLC acquired a new position in International Business Machines in the 2nd quarter valued at about $398,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value 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 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IBM shares. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. BMO Capital Markets increased their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Bernstein Bank lifted their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $215.81.

International Business Machines Trading Up 1.1 %

IBM opened at $222.54 on Friday. 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 $205.77 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 4.71 and a beta of 0.74. The business has a fifty day moving average price of $222.47 and a 200 day moving average price of $210.23. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. Sell-side analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.00%. International Business Machines’s payout ratio is 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.