BKM Wealth Management LLC Trims Stake in International Business Machines Co. (NYSE:IBM)

BKM Wealth Management LLC cut its position in shares of International Business Machines Co. (NYSE:IBM) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,132 shares of the technology company’s stock after selling 551 shares during the period. BKM Wealth Management LLC’s holdings in International Business Machines were worth $1,788,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC boosted its holdings in International Business Machines by 5.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 3,205 shares of the technology company’s stock valued at $709,000 after acquiring an additional 167 shares during the period. OLD National Bancorp IN boosted its stake in shares of International Business Machines by 3.0% during the third quarter. OLD National Bancorp IN now owns 12,852 shares of the technology company’s stock valued at $2,841,000 after purchasing an additional 380 shares during the period. Narus Financial Partners LLC grew its holdings in shares of International Business Machines by 3.9% in the third quarter. Narus Financial Partners LLC now owns 2,063 shares of the technology company’s stock worth $456,000 after purchasing an additional 77 shares during the last quarter. Koss Olinger Consulting LLC increased its stake in International Business Machines by 2.8% in the 3rd quarter. Koss Olinger Consulting LLC now owns 2,318 shares of the technology company’s stock worth $512,000 after buying an additional 63 shares during the period. Finally, Trilogy Capital Inc. bought a new stake in International Business Machines during the 3rd quarter valued at about $203,000. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Morgan Stanley increased their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Up 0.6 %

Shares of IBM stock opened at $260.65 on Tuesday. The stock’s fifty day moving average price is $232.08 and its 200 day moving average price is $219.64. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The company has a market cap of $241.01 billion, a price-to-earnings ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, research analysts expect that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

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.