International Business Machines Co. (NYSE:IBM) Position Reduced by Ranch Capital Advisors Inc.

Ranch Capital Advisors Inc. reduced its position in International Business Machines Co. (NYSE:IBM - Free Report) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,334 shares of the technology company's stock after selling 3,757 shares during the quarter. International Business Machines comprises about 1.4% of Ranch Capital Advisors Inc.'s investment portfolio, making the stock its 20th biggest position. Ranch Capital Advisors Inc.'s holdings in International Business Machines were worth $2,931,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IBM. Raymond James Financial Inc. purchased a new position in shares of International Business Machines in the 4th quarter worth $592,746,000. Holocene Advisors LP purchased a new position in shares of International Business Machines in the 3rd quarter worth $573,306,000. State Street Corp raised its position in International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after purchasing an additional 1,200,803 shares during the period. KBC Group NV raised its position in International Business Machines by 90.4% in the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after purchasing an additional 800,930 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in International Business Machines by 23,311.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock valued at $153,262,000 after purchasing an additional 694,204 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research analysts have commented on IBM shares. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Jefferies Financial Group raised their target price on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Sanford C. Bernstein raised their target price on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Finally, StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average price target of $231.44.

International Business Machines Stock Down 1.8 %

NYSE:IBM traded down $4.61 during mid-day trading on Monday, reaching $256.93. The stock had a trading volume of 8,160,558 shares, compared to its average volume of 3,918,609. The company has a market capitalization of $238.24 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.06. The stock's 50 day simple moving average is $242.03 and its two-hundred day simple moving average is $227.05. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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%. Equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. International Business Machines's dividend payout ratio is currently 104.21%.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

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.