Westhampton Capital LLC Lowers Stock Position in International Business Machines Co. (NYSE:IBM)

Westhampton Capital LLC cut its holdings in International Business Machines Co. (NYSE:IBM) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,196 shares of the technology company’s stock after selling 50 shares during the quarter. International Business Machines makes up about 1.1% of Westhampton Capital LLC’s holdings, making the stock its 24th biggest holding. Westhampton Capital LLC’s holdings in International Business Machines were worth $2,241,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Advisory Alpha LLC boosted its position in shares of International Business Machines by 0.8% in the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock worth $1,340,000 after purchasing an additional 65 shares in the last quarter. Farmers National Bank raised its stake in International Business Machines by 11.0% during the second quarter. Farmers National Bank now owns 22,715 shares of the technology company’s stock valued at $3,929,000 after buying an additional 2,247 shares during the last quarter. Creekside Partners bought a new stake in International Business Machines in the second quarter worth $584,000. Sanctuary Advisors LLC purchased a new stake in shares of International Business Machines in the second quarter worth $40,068,000. Finally, Lazari Capital Management Inc. increased its holdings in shares of International Business Machines by 9.7% during the second quarter. Lazari Capital Management Inc. now owns 1,973 shares of the technology company’s stock valued at $341,000 after acquiring an additional 174 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was 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. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $229.13 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The firm has a market capitalization of $211.87 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The firm has a 50 day moving average of $224.95 and a 200 day moving average of $213.44.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. On average, research analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given 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 dividend yield of 2.92%. International Business Machines’s payout ratio is currently 97.23%.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. Jefferies Financial Group increased their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Morgan Stanley increased their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday. Sanford C. Bernstein boosted their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price target on International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average price target of $221.13.

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.