International Business Machines Co. (NYSE:IBM) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lessened its stake 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 institutional investor owned 67,992 shares of the technology company's stock after selling 3,022 shares during the period. International Business Machines makes up about 1.5% of Jacobs & Co. CA's investment portfolio, making the stock its 17th largest holding. Jacobs & Co. CA's holdings in International Business Machines were worth $14,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Ellenbecker Investment Group lifted its stake in International Business Machines by 2.3% in the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after buying an additional 46 shares during the last quarter. Goldstein Advisors LLC increased its holdings 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 acquiring an additional 47 shares during the period. Vertex Planning Partners LLC boosted 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 during the period. Sollinda Capital Management LLC grew its position in International Business Machines by 3.7% during the 3rd quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock worth $301,000 after purchasing an additional 49 shares during the last quarter. Finally, Lansing Street Advisors increased its stake in International Business Machines by 3.4% in the third quarter. Lansing Street Advisors now owns 1,503 shares of the technology company's stock valued at $332,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IBM shares. DZ Bank lowered International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. The Goldman Sachs Group increased their price target on International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, September 30th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $214.88.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.07% of the stock is owned by company insiders.

International Business Machines Price Performance

NYSE IBM traded down $3.78 during trading hours on Friday, reaching $219.40. The company's stock had a trading volume of 3,570,079 shares, compared to its average volume of 3,131,566. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market cap of $202.87 billion, a PE ratio of 31.94, a PEG ratio of 5.18 and a beta of 0.74. The company's 50-day moving average is $221.92 and its two-hundred day moving average is $209.00. International Business Machines Co. has a fifty-two week low of $160.29 and a fifty-two week high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion during 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 revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $2.20 EPS. Analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.04%. International Business Machines's payout ratio is currently 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.