B. Riley Wealth Advisors Inc. Sells 13,212 Shares of International Business Machines Co. (NYSE:IBM)

B. Riley Wealth Advisors Inc. trimmed its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,645 shares of the technology company's stock after selling 13,212 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in International Business Machines were worth $18,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ellenbecker Investment Group raised its holdings in shares of International Business Machines by 2.3% in the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after purchasing an additional 46 shares during the period. Goldstein Advisors LLC raised its stake in International Business Machines by 4.0% in the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after buying an additional 47 shares during the period. Vertex Planning Partners LLC lifted its position in shares of International Business Machines by 3.6% in the third quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock valued at $298,000 after buying an additional 47 shares during the last quarter. Sollinda Capital Management LLC boosted its stake in shares of International Business Machines by 3.7% during the 3rd quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock worth $301,000 after acquiring an additional 49 shares during the period. Finally, Lansing Street Advisors increased its holdings in shares of International Business Machines by 3.4% during the 3rd quarter. Lansing Street Advisors now owns 1,503 shares of the technology company's stock worth $332,000 after acquiring an additional 49 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

IBM stock traded down $1.44 during mid-day trading on Friday, hitting $230.82. The stock had a trading volume of 2,757,683 shares, compared to its average volume of 4,227,999. The firm has a fifty day simple moving average of $222.67 and a 200 day simple moving average of $201.76. 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 Co. has a 52 week low of $157.88 and a 52 week high of $239.35. The firm has a market capitalization of $213.43 billion, a P/E ratio of 33.60, a P/E/G ratio of 5.17 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $14.97 billion during the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines's revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 EPS. As a group, research analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid 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 2.89%. International Business Machines's payout ratio is currently 97.23%.

Insider Activity at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction 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. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley cut their price target on International Business Machines from $217.00 to $208.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Royal Bank of Canada restated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Bank of America upped their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. UBS Group raised their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research report on Wednesday, September 4th. Finally, Evercore ISI upped their target price on International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $208.12.

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.