GSB Wealth Management LLC Sells 338 Shares of International Business Machines Co. (NYSE:IBM)

GSB Wealth Management LLC reduced its stake in International Business Machines Co. (NYSE:IBM) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,705 shares of the technology company’s stock after selling 338 shares during the period. GSB Wealth Management LLC’s holdings in International Business Machines were worth $3,013,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IBM. Drucker Wealth 3.0 LLC purchased a new stake in shares of International Business Machines in the second quarter worth $264,000. MBB Public Markets I LLC raised its position in shares of International Business Machines by 1,528.8% in the second quarter. MBB Public Markets I LLC now owns 65,233 shares of the technology company’s stock worth $11,282,000 after buying an additional 61,228 shares in the last quarter. Legal & General Group Plc raised its position in shares of International Business Machines by 4.1% in the second quarter. Legal & General Group Plc now owns 8,487,827 shares of the technology company’s stock worth $1,467,974,000 after buying an additional 330,694 shares in the last quarter. Smith Thornton Advisors LLC purchased a new stake in shares of International Business Machines in the second quarter worth $702,000. Finally, Beaird Harris Wealth Management LLC raised its position in shares of International Business Machines by 67.0% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,236 shares of the technology company’s stock worth $214,000 after buying an additional 496 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a research report on Thursday. Bernstein Bank raised their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. BMO Capital Markets raised their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $220.73.

International Business Machines Stock Down 0.6 %

IBM opened at $224.69 on Friday. The business’s 50-day moving average price is $224.33 and its 200-day moving average price is $212.32. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The company has a market cap of $207.75 billion, a P/E ratio of 32.71, a P/E/G ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data 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. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 EPS. On average, equities analysts expect that International Business Machines Co. will post 10.16 EPS for the current 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 given a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.97%. International Business Machines’s 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.