TruWealth Advisors LLC Has $27.26 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

TruWealth Advisors LLC decreased its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,002 shares of the technology company's stock after selling 1,817 shares during the period. International Business Machines accounts for 1.6% of TruWealth Advisors LLC's portfolio, making the stock its 19th largest position. TruWealth Advisors LLC's holdings in International Business Machines were worth $27,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ellenbecker Investment Group raised its stake in International Business Machines by 2.3% during the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock worth $453,000 after buying an additional 46 shares during the period. Goldstein Advisors LLC grew its position in shares of International Business Machines by 4.0% in the 3rd quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after purchasing an additional 47 shares during the period. Vertex Planning Partners LLC increased its stake in International Business Machines by 3.6% during the 3rd quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock worth $298,000 after purchasing an additional 47 shares in the last quarter. Forza Wealth Management LLC raised its holdings in International Business Machines by 0.4% during the 4th quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company's stock worth $2,891,000 after buying an additional 47 shares during the period. Finally, Sollinda Capital Management LLC lifted its stake in International Business Machines by 3.7% in the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock valued at $301,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business'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 owns 25,390 shares of the company's stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.07% of the company's stock.

International Business Machines Stock Performance

NYSE IBM traded up $2.07 during trading on Friday, reaching $224.73. 5,481,686 shares of the company's stock were exchanged, compared to its average volume of 2,994,162. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The stock has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. The business has a 50 day moving average price of $222.87 and a 200-day moving average price of $210.89. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 EPS. Sell-side analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.97%. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

Analysts Set New Price Targets

A number of brokerages recently commented on IBM. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Jefferies Financial Group lifted their target price on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Bank of America upped their price target on International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $215.81.

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.