Financial & Tax Architects LLC Has $7.42 Million Position in International Business Machines Co. (NYSE:IBM)

Financial & Tax Architects LLC trimmed its position in International Business Machines Co. (NYSE:IBM - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,763 shares of the technology company's stock after selling 1,354 shares during the quarter. International Business Machines accounts for 1.9% of Financial & Tax Architects LLC's portfolio, making the stock its 12th largest position. Financial & Tax Architects LLC's holdings in International Business Machines were worth $7,422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its position in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after buying an additional 116 shares during the period. Hara Capital LLC bought a new position in shares of International Business Machines during the third quarter valued at $29,000. Avondale Wealth Management boosted its stake in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines in the 2nd quarter worth about $36,000. Finally, Modus Advisors LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $40,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.9 %

NYSE IBM traded up $2.07 on Friday, reaching $224.73. The company had a trading volume of 5,481,686 shares, compared to its average volume of 2,994,162. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The stock's 50 day moving average is $222.87 and its 200-day moving average is $210.66. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The stock has a market cap of $207.80 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74.

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 analysts' consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company posted $2.20 EPS. Equities analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is 97.23%.

Analyst Ratings Changes

A number of equities analysts have commented on IBM shares. Stifel Nicolaus boosted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. UBS Group raised their price target on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday. BMO Capital Markets boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research note on Thursday, October 24th. Finally, DZ Bank cut International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target for the company. in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average target price of $215.81.

Insider Buying and Selling

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 currently owned by company insiders.

About International Business Machines

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.