International Business Machines Co. (NYSE:IBM) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 19.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,992 shares of the technology company's stock after selling 3,837 shares during the quarter. IHT Wealth Management LLC's holdings in International Business Machines were worth $3,515,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of IBM. Compass Financial Services Inc acquired a new stake in International Business Machines during the fourth quarter worth $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $31,000. Avondale Wealth Management increased its holdings in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares during the period. Valued Wealth Advisors LLC increased its stake in shares of International Business Machines by 134.3% during the fourth 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 period. Finally, Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 1.4 %

IBM traded up $3.17 during trading on Friday, hitting $232.50. The company had a trading volume of 6,686,085 shares, compared to its average volume of 5,075,968. The business has a 50-day moving average of $245.94 and a 200-day moving average of $233.89. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a market cap of $215.59 billion, a PE ratio of 36.27, a P/E/G ratio of 5.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

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

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.87%. International Business Machines's dividend payout ratio is presently 104.21%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a report on Thursday. UBS Group restated a "sell" rating and set a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research report on Wednesday. Bank of America raised their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and an average target price of $242.41.

Insiders Place Their Bets

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

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.