West Coast Financial LLC Has $282,000 Position in International Business Machines Co. (NYSE:IBM)

West Coast Financial LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,282 shares of the technology company’s stock after selling 76 shares during the quarter. West Coast Financial LLC’s holdings in International Business Machines were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IBM. Foresight Capital Management Advisors Inc. boosted its position in shares of International Business Machines by 0.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 28,077 shares of the technology company’s stock valued at $6,172,000 after acquiring an additional 156 shares during the period. West Financial Advisors LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at about $168,000. Smith Thornton Advisors LLC lifted its stake in shares of International Business Machines by 10.4% in the fourth quarter. Smith Thornton Advisors LLC now owns 4,557 shares of the technology company’s stock valued at $1,002,000 after buying an additional 428 shares during the period. Contravisory Investment Management Inc. acquired a new stake in International Business Machines during the fourth quarter worth about $494,000. Finally, RMR Wealth Builders raised its holdings in International Business Machines by 233.4% in the 4th quarter. RMR Wealth Builders now owns 8,089 shares of the technology company’s stock valued at $1,778,000 after acquiring an additional 5,663 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 0.0 %

IBM opened at $220.00 on Thursday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The firm has a 50-day moving average price of $222.34 and a two-hundred day moving average price of $210.16. The stock has a market capitalization of $203.42 billion, a PE ratio of 32.02, a PEG ratio of 4.71 and a beta of 0.74. 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 posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. As a group, equities analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insider Activity at International Business Machines

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 value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IBM. Sanford C. Bernstein lifted their price target on shares of 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 upped their target price on shares of 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. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bank of America upped their price objective on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $215.81.

International Business Machines Company 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.