Mendel Money Management Has $5.96 Million Stake in International Business Machines Co. (NYSE:IBM)

Mendel Money Management cut its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,112 shares of the technology company's stock after selling 1,993 shares during the period. International Business Machines accounts for 2.7% of Mendel Money Management's investment portfolio, making the stock its 5th largest holding. Mendel Money Management's holdings in International Business Machines were worth $5,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. JBR Co Financial Management Inc boosted its stake in International Business Machines by 0.6% during the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after acquiring an additional 40 shares in the last quarter. Schechter Investment Advisors LLC boosted its position in shares of International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after purchasing an additional 43 shares in the last quarter. Callan Capital LLC grew its stake in shares of International Business Machines by 2.4% in the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock valued at $411,000 after buying an additional 44 shares during the period. Marks Group Wealth Management Inc increased its position in International Business Machines by 0.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock valued at $2,292,000 after buying an additional 45 shares in the last quarter. Finally, Tower Wealth Partners Inc. raised its stake in International Business Machines by 1.9% during the 4th quarter. Tower Wealth Partners Inc. now owns 2,376 shares of the technology company's stock worth $522,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

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Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBM. Wedbush started coverage on International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating for the company. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Bank of America increased their price target on International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley increased their target price 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus price target of $231.44.

International Business Machines Price Performance

Shares of IBM stock traded down $2.38 on Friday, reaching $243.83. The company's stock had a trading volume of 3,125,152 shares, compared to its average volume of 4,089,823. The company has a market capitalization of $226.10 billion, a P/E ratio of 38.04, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The stock's 50 day simple moving average is $249.51 and its 200-day simple moving average is $231.47. 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 earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's payout ratio 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.