International Business Machines Co. (NYSE:IBM) Stock Holdings Decreased by Inlet Private Wealth LLC

Inlet Private Wealth LLC lessened its position in International Business Machines Co. (NYSE:IBM) by 6.4% in the 4th quarter, Holdings Channel reports. The fund owned 8,717 shares of the technology company’s stock after selling 600 shares during the period. Inlet Private Wealth LLC’s holdings in International Business Machines were worth $1,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. grew its holdings in shares of International Business Machines by 128.6% during the second quarter. Centaurus Financial Inc. now owns 8,558 shares of the technology company’s stock valued at $1,480,000 after buying an additional 4,814 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in International Business Machines by 4.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 8,470 shares of the technology company’s stock worth $1,873,000 after acquiring an additional 377 shares during the period. Central Pacific Bank Trust Division grew its stake in International Business Machines by 39.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,649 shares of the technology company’s stock valued at $365,000 after acquiring an additional 470 shares in the last quarter. Czech National Bank increased its holdings in shares of International Business Machines by 7.2% in the 3rd quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock valued at $41,485,000 after purchasing an additional 12,599 shares during the period. Finally, Curbstone Financial Management Corp boosted its holdings in shares of International Business Machines by 11.4% during the third quarter. Curbstone Financial Management Corp now owns 3,090 shares of the technology company’s stock worth $683,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on 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 directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday. Jefferies Financial Group lifted their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday. Bank of America increased their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $225.53.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $255.48 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The business has a 50 day moving average price of $226.61 and a 200 day moving average price of $214.36. The company has a market cap of $236.23 billion, a price-to-earnings ratio of 39.86, a PEG ratio of 4.25 and a beta of 0.74. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $261.80.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping 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 40.37%. Research analysts predict that International Business Machines Co. will post 10.54 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

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.