International Business Machines Co. (NYSE:IBM) Stock Position Lessened by WealthPLAN Partners LLC

WealthPLAN Partners LLC lessened its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,678 shares of the technology company's stock after selling 5,571 shares during the period. WealthPLAN Partners LLC's holdings in International Business Machines were worth $5,235,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IBM. Susquehanna Fundamental Investments LLC acquired a new stake in International Business Machines in the 2nd quarter valued at about $7,160,000. Philip James Wealth Mangement LLC purchased a new position in shares of International Business Machines during the 3rd quarter worth approximately $5,117,000. Focused Wealth Management Inc raised its position in shares of International Business Machines by 52.2% during the 3rd quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company's stock worth $2,504,000 after purchasing an additional 3,887 shares during the last quarter. QRG Capital Management Inc. lifted its stake in International Business Machines by 4.5% in the 3rd quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company's stock valued at $30,992,000 after buying an additional 6,004 shares in the last quarter. Finally, F M Investments LLC grew its holdings in International Business Machines by 39.6% during the 3rd quarter. F M Investments LLC now owns 61,938 shares of the technology company's stock valued at $13,696,000 after buying an additional 17,554 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Hsbc Global Res upgraded shares of International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $208.12.

International Business Machines Stock Down 1.9 %

Shares of International Business Machines stock traded down $4.08 during trading hours on Tuesday, hitting $209.49. 675,733 shares of the company's stock traded hands, compared to its average volume of 4,223,327. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a twelve month low of $147.35 and a twelve month high of $237.37. The stock has a 50 day simple moving average of $218.25 and a 200-day simple moving average of $192.68. The company has a market cap of $193.70 billion, a PE ratio of 30.53, a PEG ratio of 4.80 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 EPS. Equities research analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.19%. International Business Machines's payout ratio is 97.23%.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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.