RWA Wealth Partners LLC Decreases Stake in International Business Machines Co. (NYSE:IBM)

RWA Wealth Partners LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,058 shares of the technology company's stock after selling 2,514 shares during the quarter. RWA Wealth Partners LLC's holdings in International Business Machines were worth $11,004,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IBM. Compass Financial Services Inc bought a new stake in International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC bought a new position in International Business Machines during the fourth quarter valued at $31,000. Avondale Wealth Management grew 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 worth $34,000 after buying an additional 56 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $1.88 during midday trading on Wednesday, hitting $252.22. The company had a trading volume of 1,595,064 shares, compared to its average volume of 4,099,098. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The business's 50-day simple moving average is $250.52 and its 200-day simple moving average is $232.13. The stock has a market cap of $233.87 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45.

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International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly 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 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is 104.21%.

Analyst Ratings Changes

Several brokerages have weighed in on IBM. Bank of America boosted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. 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 note on Tuesday, January 14th. Finally, Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and an average price target of $231.13.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

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.