Schrum Private Wealth Management LLC Has $242,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Schrum Private Wealth Management LLC decreased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 54.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,100 shares of the technology company's stock after selling 1,316 shares during the quarter. Schrum Private Wealth Management LLC's holdings in International Business Machines were worth $242,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in shares of International Business Machines during the 4th quarter worth approximately $26,000. Hara Capital LLC purchased a new stake in shares of International Business Machines during the third quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new position in International Business Machines in the fourth quarter worth $31,000. Avondale Wealth Management grew its stake in 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 purchasing an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC increased its position in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IBM. Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Wedbush began coverage on International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. Oppenheimer began coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. BMO Capital Markets upped their price target 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. Finally, StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $231.44.

International Business Machines Price Performance

Shares of IBM stock opened at $251.40 on Thursday. The stock has a 50 day moving average price of $240.04 and a 200 day moving average price of $225.58. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a market capitalization of $233.11 billion, a P/E ratio of 39.22, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.66%. International Business Machines's dividend payout ratio (DPR) is 104.21%.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This 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 the SEC website. Corporate insiders own 0.07% of the company's stock.

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.

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