International Business Machines Co. (NYSE:IBM) Holdings Reduced by Empire Financial Management Company LLC

Empire Financial Management Company LLC lowered its position in International Business Machines Co. (NYSE:IBM - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,348 shares of the technology company's stock after selling 2,748 shares during the quarter. International Business Machines comprises about 1.9% of Empire Financial Management Company LLC's portfolio, making the stock its 7th largest position. Empire Financial Management Company LLC's holdings in International Business Machines were worth $6,012,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Compass Financial Services Inc purchased a new position in International Business Machines in the 4th quarter worth $26,000. Vision Financial Markets LLC acquired a new position in International Business Machines in the 4th quarter worth about $31,000. Avondale Wealth Management increased its holdings in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares in the last quarter. Valued Wealth Advisors LLC boosted its holdings in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in International Business Machines in the 4th quarter valued at $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by company insiders.

International Business Machines Price Performance

International Business Machines stock opened at $245.73 on Thursday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The stock has a market cap of $227.85 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 5.81 and a beta of 0.67. 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 business has a 50-day simple moving average of $246.57 and a 200 day simple moving average of $233.87.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. On average, research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.72%. International Business Machines's dividend payout ratio is presently 104.21%.

Analyst Ratings Changes

IBM has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Oppenheimer initiated coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $276.00 price target on shares of International Business Machines in a report on Monday, April 14th. Finally, Bank of America boosted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $232.75.

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.

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