CFS Investment Advisory Services LLC Decreases Position in International Business Machines Co. (NYSE:IBM)

CFS Investment Advisory Services LLC cut its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 48.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,154 shares of the technology company's stock after selling 8,722 shares during the period. CFS Investment Advisory Services LLC's holdings in International Business Machines were worth $2,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted its stake in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in shares of International Business Machines in the 3rd quarter valued at $29,000. Capital Performance Advisors LLP bought a new position in shares of International Business Machines in the 3rd quarter valued at $43,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Business Machines in the 2nd quarter valued at $36,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock valued at $38,000 after acquiring an additional 60 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by insiders.

International Business Machines Stock Up 0.3 %

Shares of IBM stock traded up $0.57 on Friday, reaching $222.97. 5,295,361 shares of the company were exchanged, compared to its average volume of 4,237,971. International Business Machines Co. has a one year low of $153.92 and a one year high of $237.37. The company has a market cap of $206.17 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 4.72 and a beta of 0.71. 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 company has a 50-day moving average of $219.29 and a 200-day moving average of $194.83.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. During the same quarter last year, the firm earned $2.20 EPS. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.00%. International Business Machines's payout ratio is 97.23%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. The Goldman Sachs Group increased their price objective on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 30th. Hsbc Global Res upgraded International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the company a "sell" rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their price objective on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Morgan Stanley decreased their price objective 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. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.