N.E.W. Advisory Services LLC Trims Stake in International Business Machines Co. (NYSE:IBM)

N.E.W. Advisory Services LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,309 shares of the technology company’s stock after selling 121 shares during the period. N.E.W. Advisory Services LLC’s holdings in International Business Machines were worth $3,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in International Business Machines in the fourth quarter worth $88,000. Great Diamond Partners LLC increased its stake in International Business Machines by 9.6% in the 4th quarter. Great Diamond Partners LLC now owns 1,235 shares of the technology company’s stock worth $271,000 after buying an additional 108 shares during the period. Caprock Group LLC lifted its holdings in International Business Machines by 2.3% during the 4th quarter. Caprock Group LLC now owns 23,738 shares of the technology company’s stock valued at $5,218,000 after buying an additional 526 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in International Business Machines in the 4th quarter valued at about $168,000. Finally, Hamilton Point Investment Advisors LLC increased its position in shares of International Business Machines by 2.2% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 27,318 shares of the technology company’s stock worth $6,005,000 after acquiring an additional 579 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Sanford C. Bernstein boosted their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Jefferies Financial Group raised their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Finally, Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target of $225.53.

International Business Machines Stock Down 1.1 %

Shares of IBM stock opened at $255.48 on Friday. The stock’s fifty day moving average price is $225.96 and its 200 day moving average price is $213.86. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $261.80. The company has a market cap of $236.23 billion, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) 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 40.37%. On average, research analysts expect that International Business Machines Co. will post 10.54 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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 issued 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 is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by insiders.

About International Business Machines

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.