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

Gateway Wealth Partners LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,196 shares of the technology company’s stock after selling 143 shares during the period. Gateway Wealth Partners LLC’s holdings in International Business Machines were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Advisory Alpha LLC lifted its holdings in International Business Machines by 0.8% in the second quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock valued at $1,340,000 after acquiring an additional 65 shares during the last quarter. Farmers National Bank lifted its stake in shares of International Business Machines by 11.0% in the 2nd quarter. Farmers National Bank now owns 22,715 shares of the technology company’s stock valued at $3,929,000 after purchasing an additional 2,247 shares during the last quarter. Creekside Partners purchased a new position in shares of International Business Machines during the 2nd quarter worth $584,000. Sanctuary Advisors LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth about $40,068,000. Finally, Lazari Capital Management Inc. raised its holdings in International Business Machines by 9.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 1,973 shares of the technology company’s stock valued at $341,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IBM shares. Stifel Nicolaus boosted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research note on Wednesday, October 2nd. Jefferies Financial Group lifted their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. BMO Capital Markets raised their target price 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. Finally, Sanford C. Bernstein boosted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average price target of $220.40.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $229.13 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The company has a 50-day simple moving average of $224.95 and a 200-day simple moving average of $213.44. The stock has a market capitalization of $211.86 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. On average, analysts predict 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 will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.92%. International Business Machines’s payout ratio is currently 97.23%.

About International Business Machines

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.