International Business Machines Co. (NYSE:IBM) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lowered its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,149 shares of the technology company's stock after selling 1,898 shares during the quarter. United Capital Financial Advisors LLC's holdings in International Business Machines were worth $9,266,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new position in shares of International Business Machines during the fourth quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth $31,000. Avondale Wealth Management increased its stake in shares of International Business Machines by 56.0% during the fourth 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. Valued Wealth Advisors LLC lifted its stake in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after acquiring an additional 90 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in International Business Machines during the 4th quarter valued at about $35,000. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Bank of America increased their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and set a $276.00 target price on shares of International Business Machines in a research report on Monday, April 14th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Jefferies Financial Group lowered their price objective on International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus target price of $232.75.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $0.12 during midday trading on Friday, reaching $238.45. The company's stock had a trading volume of 4,626,569 shares, compared to its average volume of 4,227,391. The firm has a market capitalization of $221.10 billion, a PE ratio of 37.20, a P/E/G ratio of 5.81 and a beta of 0.67. The stock has a fifty day moving average of $247.61 and a 200 day moving average of $233.49. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.80%. International Business Machines's dividend payout ratio is presently 104.21%.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the 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 sale, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company's stock.

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.