Hennion & Walsh Asset Management Inc. Sells 2,230 Shares of International Business Machines Co. (NYSE:IBM)

Hennion & Walsh Asset Management Inc. reduced its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,653 shares of the technology company's stock after selling 2,230 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in International Business Machines were worth $5,639,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IBM. Hazlett Burt & Watson Inc. raised its position in shares of International Business Machines by 1,054.5% in the third 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 in the last quarter. Hara Capital LLC acquired a new position in International Business Machines in the 3rd quarter valued at $29,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after acquiring an additional 56 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of International Business Machines during the 2nd quarter worth $36,000. Finally, Modus Advisors LLC bought a new position in shares of International Business Machines in the fourth quarter worth $40,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's 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 completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by corporate insiders.

International Business Machines Trading Up 1.1 %

NYSE:IBM traded up $2.51 during mid-day trading on Thursday, hitting $222.54. 3,327,585 shares of the company's stock were exchanged, compared to its average volume of 3,227,175. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $205.77 billion, a P/E ratio of 32.39, a PEG ratio of 4.71 and a beta of 0.74. The company has a 50 day simple moving average of $222.47 and a 200-day simple moving average of $210.23.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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 for the quarter, compared to analyst estimates 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 was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. As a group, research analysts expect that International Business Machines Co. will post 10.16 earnings per share 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 was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.00%. International Business Machines's payout ratio is 97.23%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IBM shares. Bank of America upped their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Morgan Stanley upped their target price on International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lifted their price target on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $215.81.

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.