Sanctuary Advisors LLC Sells 10,158 Shares of International Business Machines Co. (NYSE:IBM)

Sanctuary Advisors LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,534 shares of the technology company's stock after selling 10,158 shares during the period. Sanctuary Advisors LLC's holdings in International Business Machines were worth $67,605,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IBM. International Assets Investment Management LLC grew its position in International Business Machines by 20,324.5% in the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock worth $600,373,000 after acquiring an additional 2,702,340 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of International Business Machines during the 3rd quarter worth $573,306,000. State Street Corp boosted its holdings in shares of International Business Machines by 2.2% during the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after buying an additional 1,200,803 shares during the period. KBC Group NV boosted its holdings in shares of International Business Machines by 90.4% during the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock worth $370,909,000 after buying an additional 800,930 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of International Business Machines by 23,311.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock worth $153,262,000 after buying an additional 694,204 shares during the period. 58.96% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBM. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Wedbush began coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating for the company. Jefferies Financial Group upped their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Morgan Stanley increased their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Finally, StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $231.44.

International Business Machines Price Performance

Shares of IBM stock traded up $0.53 during mid-day trading on Thursday, reaching $264.85. The company's stock had a trading volume of 4,881,971 shares, compared to its average volume of 4,707,082. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The company has a market cap of $244.89 billion, a P/E ratio of 41.32, a PEG ratio of 5.77 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm's 50-day moving average is $234.00 and its two-hundred day moving average is $220.96.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, research analysts predict that International Business Machines Co. will post 10.77 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.

International Business Machines 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.