International Business Machines Co. (NYSE:IBM) Shares Sold by Claro Advisors LLC

Claro Advisors LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 25.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,014 shares of the technology company’s stock after selling 1,679 shares during the period. Claro Advisors LLC’s holdings in International Business Machines were worth $1,102,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Clean Yield Group increased its stake in shares of International Business Machines by 3.0% in the 4th quarter. Clean Yield Group now owns 21,563 shares of the technology company’s stock worth $4,740,000 after acquiring an additional 627 shares during the last quarter. Forza Wealth Management LLC increased its position in International Business Machines by 0.4% during the fourth quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company’s stock worth $2,891,000 after purchasing an additional 47 shares during the last quarter. Cooper Financial Group raised its stake in International Business Machines by 2.4% during the fourth quarter. Cooper Financial Group now owns 8,190 shares of the technology company’s stock worth $1,800,000 after purchasing an additional 195 shares during the period. Moody National Bank Trust Division increased its holdings in shares of International Business Machines by 3.6% during the 4th quarter. Moody National Bank Trust Division now owns 8,063 shares of the technology company’s stock worth $1,772,000 after buying an additional 278 shares during the last quarter. Finally, Wedmont Private Capital lifted its holdings in International Business Machines by 10.1% in the fourth quarter. Wedmont Private Capital now owns 11,395 shares of the technology company’s stock valued at $2,504,000 after acquiring an additional 1,041 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Sanford C. Bernstein raised their target price 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $214.88.

International Business Machines Stock Performance

Shares of IBM traded down $2.29 during trading hours on Monday, reaching $217.46. 1,926,747 shares of the company’s stock traded hands, compared to its average volume of 2,934,160. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The business’s fifty day simple moving average is $221.92 and its two-hundred day simple moving average is $209.52. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market capitalization of $201.07 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter last year, the business posted $2.20 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

International Business Machines Company 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.