International Assets Investment Management LLC Cuts Position in International Business Machines Co. (NYSE:IBM)

International Assets Investment Management LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 99.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,168 shares of the technology company's stock after selling 2,705,468 shares during the quarter. International Assets Investment Management LLC's holdings in International Business Machines were worth $2,236,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lantz Financial LLC boosted its stake in International Business Machines by 0.9% in the 2nd quarter. Lantz Financial LLC now owns 11,935 shares of the technology company's stock worth $2,064,000 after purchasing an additional 107 shares during the period. LGT Fund Management Co Ltd. purchased a new position in International Business Machines during the second quarter valued at $259,000. Gryphon Financial Partners LLC increased its holdings in International Business Machines by 3.8% in the 2nd quarter. Gryphon Financial Partners LLC now owns 2,630 shares of the technology company's stock valued at $455,000 after acquiring an additional 97 shares during the last quarter. MGO One Seven LLC lifted its stake in International Business Machines by 6.7% in the 2nd quarter. MGO One Seven LLC now owns 25,471 shares of the technology company's stock worth $4,405,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Carson Advisory Inc. boosted its holdings in shares of International Business Machines by 1.5% during the 2nd quarter. Carson Advisory Inc. now owns 14,880 shares of the technology company's stock valued at $2,574,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Insider Activity at International Business Machines

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on IBM shares. Sanford C. Bernstein boosted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Bernstein Bank boosted their price target 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. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, DZ Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Two research 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 $214.88.

International Business Machines Trading Down 0.4 %

IBM traded down $0.81 during trading hours on Thursday, reaching $223.15. 2,618,304 shares of the company's stock traded hands, compared to its average volume of 3,043,556. The firm has a 50-day moving average price of $221.70 and a 200 day moving average price of $208.69. The firm has a market capitalization of $206.33 billion, a PE ratio of 32.48, a PEG ratio of 5.18 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 52-week low of $159.51 and a 52-week high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during 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%. The business's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 earnings per share. As a group, sell-side analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal 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 dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's dividend payout ratio is presently 97.23%.

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.