International Business Machines Co. (NYSE:IBM) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 51.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,775 shares of the technology company's stock after selling 10,419 shares during the quarter. Good Life Advisors LLC's holdings in International Business Machines were worth $2,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marks Group Wealth Management Inc grew its position in International Business Machines by 0.4% during the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock worth $2,292,000 after buying an additional 45 shares during the period. First Affirmative Financial Network grew its position in shares of International Business Machines by 1.5% in the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company's stock valued at $687,000 after purchasing an additional 46 shares during the last quarter. Goldstein Advisors LLC grew its position in shares of 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 purchasing an additional 47 shares during the last quarter. Vertex Planning Partners LLC grew 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 purchasing an additional 47 shares during the last quarter. Finally, Forza Wealth Management LLC grew its position in shares of International Business Machines by 0.4% in the fourth quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company's stock valued at $2,891,000 after purchasing an additional 47 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. Sanford C. Bernstein upped their price objective on shares of 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. JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Wedbush initiated coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Finally, BMO Capital Markets upped their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $231.44.

International Business Machines Trading Down 1.1 %

Shares of IBM stock traded down $2.97 during mid-day trading on Friday, reaching $261.77. The company's stock had a trading volume of 5,665,344 shares, compared to its average volume of 4,735,325. The company's 50 day simple moving average is $235.27 and its 200-day simple moving average is $221.81. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $242.05 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 5.80 and a beta of 0.76.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, research analysts predict that International Business Machines Co. will post 10.77 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines's payout ratio is 104.21%.

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.