Sentry LLC Has $2.99 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Sentry LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,610 shares of the technology company’s stock after selling 936 shares during the quarter. International Business Machines makes up 0.6% of Sentry LLC’s holdings, making the stock its 18th biggest position. Sentry LLC’s holdings in International Business Machines were worth $2,992,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Advisory Alpha LLC lifted its holdings in shares of International Business Machines by 0.8% during the second quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock worth $1,340,000 after buying an additional 65 shares in the last quarter. Farmers National Bank lifted its holdings in shares of International Business Machines by 11.0% during the second quarter. Farmers National Bank now owns 22,715 shares of the technology company’s stock worth $3,929,000 after buying an additional 2,247 shares in the last quarter. Creekside Partners acquired a new stake in shares of International Business Machines during the second quarter worth $584,000. Sanctuary Advisors LLC acquired a new stake in shares of International Business Machines during the second quarter worth $40,068,000. Finally, Lazari Capital Management Inc. lifted its holdings in shares of International Business Machines by 9.7% during the second quarter. Lazari Capital Management Inc. now owns 1,973 shares of the technology company’s stock worth $341,000 after buying an additional 174 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $229.13 on Thursday. The business’s 50 day simple moving average is $224.95 and its 200 day simple moving average is $213.44. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The stock has a market capitalization of $211.87 billion, a PE ratio of 33.35, a PEG ratio of 4.78 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.

International Business Machines (NYSE:IBM) last announced 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 return on equity of 40.52% and a net margin of 10.22%. As a group, research analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.92%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insider Buying and Selling 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 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 transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday. Finally, UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $221.13.

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.