LaFleur & Godfrey LLC Reduces Stock Position in International Business Machines Co. (NYSE:IBM)

LaFleur & Godfrey LLC cut its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,789 shares of the technology company's stock after selling 1,688 shares during the quarter. LaFleur & Godfrey LLC's holdings in International Business Machines were worth $6,549,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its position in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC purchased a new stake in International Business Machines during the 3rd quarter worth about $29,000. Avondale Wealth Management boosted its stake in shares of International Business Machines by 56.0% in the 4th 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. Oliver Lagore Vanvalin Investment Group acquired a new stake in International Business Machines in the second quarter valued at approximately $36,000. Finally, Modus Advisors LLC purchased a new position in International Business Machines in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Activity at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.07% of the company's stock.

International Business Machines Price Performance

IBM traded up $2.07 during trading on Monday, reaching $224.73. 5,481,686 shares of the stock were exchanged, compared to its average volume of 2,994,162. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35. The company has a market capitalization of $207.80 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. The business's 50 day moving average price is $222.87 and its two-hundred day moving average price is $211.14. 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 issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the previous year, the firm posted $2.20 earnings per share. The company's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio is presently 97.23%.

Analyst Ratings Changes

A number of brokerages have issued reports on IBM. Stifel Nicolaus lifted their price target on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. BMO Capital Markets boosted their target price on International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research note on Thursday, October 24th. Bank of America increased their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. 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. Finally, Jefferies Financial Group upped their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average price target of $216.87.

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.