International Business Machines Co. (NYSE:IBM) Position Lessened by Radnor Capital Management LLC

Radnor Capital Management LLC reduced its position in International Business Machines Co. (NYSE:IBM - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 63,281 shares of the technology company's stock after selling 2,570 shares during the period. International Business Machines comprises approximately 2.3% of Radnor Capital Management LLC's holdings, making the stock its 6th biggest holding. Radnor Capital Management LLC's holdings in International Business Machines were worth $13,911,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. boosted 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 worth $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at $29,000. Avondale Wealth Management grew its stake 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 buying 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 purchased a new position in shares of International Business Machines in the 4th quarter worth $40,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on IBM. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. DZ Bank downgraded 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 note on Wednesday, October 2nd. Finally, BMO Capital Markets upped their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $215.81.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, 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 this hyperlink. Corporate insiders own 0.07% of the company's stock.

International Business Machines Stock Up 0.1 %

IBM stock opened at $217.54 on Wednesday. The company has a market capitalization of $201.15 billion, a P/E ratio of 31.67, a PEG ratio of 5.18 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The firm has a 50 day simple moving average of $222.34 and a 200-day simple moving average of $210.16.

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 the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.20 earnings per share. On average, equities research analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.07%. International Business Machines's dividend payout ratio (DPR) is 97.23%.

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.

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