Laurel Wealth Advisors LLC Sells 109 Shares of International Business Machines Co. (NYSE:IBM)

Laurel Wealth Advisors LLC decreased its stake in International Business Machines Co. (NYSE:IBM) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,789 shares of the technology company’s stock after selling 109 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in International Business Machines were worth $1,492,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its holdings in shares of International Business Machines by 12.2% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 43,394 shares of the technology company’s stock valued at $7,505,000 after acquiring an additional 4,705 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in International Business Machines by 13.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock valued at $13,350,000 after purchasing an additional 9,155 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of International Business Machines by 4.0% during the second quarter. Mesirow Financial Investment Management Inc. now owns 24,331 shares of the technology company’s stock valued at $4,210,000 after purchasing an additional 931 shares in the last quarter. One Capital Management LLC grew its holdings in shares of International Business Machines by 44.7% during the second quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock worth $502,000 after purchasing an additional 898 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in shares of International Business Machines by 12.5% in the second quarter. Citizens Financial Group Inc. RI now owns 14,513 shares of the technology company’s stock valued at $2,510,000 after buying an additional 1,612 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IBM shares. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America lifted their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Morgan Stanley lifted their target price on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Finally, Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $215.81.

International Business Machines Trading Up 0.1 %

NYSE:IBM opened at $217.54 on Wednesday. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The company has a market cap of $201.15 billion, a PE ratio of 31.67, a PEG ratio of 5.18 and a beta of 0.74. 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 50-day moving average of $222.34 and a 200-day moving average of $210.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.20 earnings per share. As a group, equities research analysts expect that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued 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 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.