Pflug Koory LLC Has $215,000 Stake in International Business Machines Co. (NYSE:IBM)

Pflug Koory LLC reduced its holdings in International Business Machines Co. (NYSE:IBM) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 979 shares of the technology company’s stock after selling 50 shares during the period. Pflug Koory LLC’s holdings in International Business Machines were worth $215,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional grew its stake in shares of International Business Machines by 2.0% during the fourth quarter. CX Institutional now owns 7,125 shares of the technology company’s stock worth $1,566,000 after purchasing an additional 143 shares during the period. Encompass More Asset Management acquired a new position in shares of International Business Machines during the 4th quarter worth about $235,000. Impact Partnership Wealth LLC increased its stake in shares of International Business Machines by 64.7% in the 4th quarter. Impact Partnership Wealth LLC now owns 10,309 shares of the technology company’s stock valued at $2,266,000 after acquiring an additional 4,049 shares during the last quarter. Southland Equity Partners LLC raised its position in shares of International Business Machines by 6.9% in the 4th quarter. Southland Equity Partners LLC now owns 2,353 shares of the technology company’s stock valued at $517,000 after acquiring an additional 151 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in International Business Machines by 4.5% during the 4th quarter. Sound Income Strategies LLC now owns 116,631 shares of the technology company’s stock worth $25,639,000 after acquiring an additional 4,984 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on IBM. Morgan Stanley upped their target price on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. BMO Capital Markets boosted their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $220.73.

International Business Machines Price Performance

NYSE:IBM opened at $224.69 on Friday. The stock has a market capitalization of $207.75 billion, a PE ratio of 32.71, a P/E/G ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The firm has a fifty day simple moving average of $223.94 and a 200 day simple moving average of $212.00. 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 (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 EPS. On average, research analysts expect that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 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.