International Business Machines Co. (NYSE:IBM) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 208,707 shares of the technology company's stock after selling 9,143 shares during the quarter. Douglas Lane & Associates LLC's holdings in International Business Machines were worth $45,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBM. Hazlett Burt & Watson Inc. grew its holdings in 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 buying an additional 116 shares during the period. Hara Capital LLC purchased a new stake in International Business Machines in the third quarter valued at approximately $29,000. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines during the second quarter worth approximately $36,000. Modus Advisors LLC purchased a new position in International Business Machines during the fourth quarter worth approximately $40,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of International Business Machines in the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

IBM has been the topic of several research reports. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. 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 research note on Friday, January 3rd. Bernstein Bank increased their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, October 3rd. BMO Capital Markets lifted their price target on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley lifted 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 report on Monday, December 16th. Two 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $214.88.

International Business Machines Stock Down 0.4 %

Shares of IBM stock traded down $0.81 during trading hours on Wednesday, hitting $223.15. 2,618,304 shares of the company were exchanged, compared to its average volume of 3,043,556. The stock has a market capitalization of $206.33 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a one year low of $159.51 and a one year high of $239.35. The business's 50-day simple moving average is $221.01 and its two-hundred day simple moving average is $208.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines (NYSE:IBM - Get Free Report) last released its 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. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter last year, the business posted $2.20 EPS. International Business Machines's quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.99%. International Business Machines's payout ratio is 97.23%.

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.