Valley Wealth Managers Inc. Sells 1,600 Shares of International Business Machines Co. (NYSE:IBM)

Valley Wealth Managers Inc. cut its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,346 shares of the technology company's stock after selling 1,600 shares during the quarter. Valley Wealth Managers Inc.'s holdings in International Business Machines were worth $4,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC boosted its holdings in International Business Machines by 5.5% in the third quarter. Resonant Capital Advisors LLC now owns 3,205 shares of the technology company's stock worth $709,000 after acquiring an additional 167 shares in the last quarter. OLD National Bancorp IN boosted its holdings in International Business Machines by 3.0% in the third quarter. OLD National Bancorp IN now owns 12,852 shares of the technology company's stock worth $2,841,000 after acquiring an additional 380 shares in the last quarter. Narus Financial Partners LLC boosted its holdings in International Business Machines by 3.9% in the third quarter. Narus Financial Partners LLC now owns 2,063 shares of the technology company's stock worth $456,000 after acquiring an additional 77 shares in the last quarter. Koss Olinger Consulting LLC boosted its holdings in International Business Machines by 2.8% in the third quarter. Koss Olinger Consulting LLC now owns 2,318 shares of the technology company's stock worth $512,000 after acquiring an additional 63 shares in the last quarter. Finally, Trilogy Capital Inc. bought a new stake in International Business Machines in the third quarter worth $203,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on IBM. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Wednesday, February 5th. Oppenheimer began coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target for the company. Wedbush began coverage on International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating for the company. Finally, BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $231.44.

International Business Machines Price Performance

Shares of NYSE IBM traded down $2.97 during mid-day trading on Friday, reaching $261.77. The company's stock had a trading volume of 5,665,344 shares, compared to its average volume of 4,735,325. The firm has a market capitalization of $242.05 billion, a PE ratio of 40.84, a P/E/G ratio of 5.80 and a beta of 0.76. 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 stock has a fifty day moving average of $235.27 and a two-hundred day moving average of $221.81. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.77 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines's payout ratio is presently 104.21%.

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.