Quadrant Private Wealth Management LLC Has $483,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Quadrant Private Wealth Management LLC lowered its stake in International Business Machines Co. (NYSE:IBM) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,196 shares of the technology company’s stock after selling 398 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in International Business Machines were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sage Advisors LLC increased its position in shares of International Business Machines by 1.0% in the fourth quarter. Sage Advisors LLC now owns 4,716 shares of the technology company’s stock valued at $1,037,000 after acquiring an additional 49 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its position in International Business Machines by 1.7% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 64,595 shares of the technology company’s stock worth $14,200,000 after buying an additional 1,063 shares during the last quarter. Valeo Financial Advisors LLC increased its position in International Business Machines by 0.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 14,096 shares of the technology company’s stock worth $3,099,000 after buying an additional 96 shares during the last quarter. Blue Trust Inc. increased its position in International Business Machines by 14.6% during the fourth quarter. Blue Trust Inc. now owns 20,962 shares of the technology company’s stock worth $4,608,000 after buying an additional 2,673 shares during the last quarter. Finally, Campbell Wealth Management increased its position in International Business Machines by 226.1% during the fourth quarter. Campbell Wealth Management now owns 5,537 shares of the technology company’s stock worth $1,217,000 after buying an additional 3,839 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 0.6 %

Shares of IBM stock opened at $260.65 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a market cap of $241.01 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The stock has a 50 day simple moving average of $231.63 and a 200 day simple moving average of $218.77. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, research analysts predict that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is presently 104.21%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IBM. JPMorgan Chase & Co. boosted their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Bank of America boosted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Oppenheimer started coverage on International Business Machines in a research report on Tuesday. They set an “outperform” rating and a $320.00 price target on the stock. Finally, UBS Group boosted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $231.44.

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.