International Business Machines Co. (NYSE:IBM) Position Trimmed by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. reduced its holdings in International Business Machines Co. (NYSE:IBM) by 7.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 930 shares of the technology company’s stock after selling 77 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in International Business Machines were worth $204,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of IBM. Meeder Asset Management Inc. boosted its stake in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after acquiring an additional 166 shares during the period. Blue Zone Wealth Advisors LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $242,000. Brady Martz Wealth Solutions LLC acquired a new position in International Business Machines during the 4th quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC bought a new position in International Business Machines during the 4th quarter worth $373,000. Finally, Philip James Wealth Mangement LLC acquired a new stake in International Business Machines in the third quarter worth $5,117,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IBM shares. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Bank of America upped their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Morgan Stanley lifted their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $261.77 on Friday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. 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 company’s 50-day moving average price is $235.27 and its two-hundred day moving average price is $221.81. The stock has a market cap of $242.05 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 5.80 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 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 38.99%. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.77 EPS for the current fiscal 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 paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

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.