International Business Machines Co. (NYSE:IBM) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA decreased its position in International Business Machines Co. (NYSE:IBM) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,156 shares of the technology company’s stock after selling 2,429 shares during the quarter. International Business Machines comprises about 1.3% of Baldwin Wealth Partners LLC MA’s holdings, making the stock its 22nd largest position. Baldwin Wealth Partners LLC MA’s holdings in International Business Machines were worth $19,160,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of International Business Machines by 40.9% during the 3rd 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 last quarter. Brady Martz Wealth Solutions LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $1,940,000. Susquehanna Fundamental Investments LLC purchased a new position in International Business Machines in the 2nd quarter worth approximately $7,160,000. Philip James Wealth Mangement LLC purchased a new position in International Business Machines in the 3rd quarter worth approximately $5,117,000. Finally, Nordea Investment Management AB boosted its holdings in International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after acquiring an additional 4,625 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

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.

International Business Machines Trading Down 1.5 %

NYSE:IBM opened at $221.39 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The firm has a market capitalization of $204.71 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The stock has a fifty day simple moving average of $224.33 and a 200 day simple moving average of $212.82.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

Analysts Set New Price Targets

Several equities analysts have recently commented on IBM shares. Bernstein Bank increased their target price on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group increased their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley increased their target price on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $220.73.

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.