Alpha Omega Wealth Management LLC Has $9.79 Million Holdings in International Business Machines Co. (NYSE:IBM)

Alpha Omega Wealth Management LLC cut its stake in International Business Machines Co. (NYSE:IBM) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,544 shares of the technology company’s stock after selling 969 shares during the period. International Business Machines accounts for 1.9% of Alpha Omega Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Alpha Omega Wealth Management LLC’s holdings in International Business Machines were worth $9,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IBM. SeaBridge Investment Advisors LLC increased its holdings in International Business Machines by 33.4% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 5,551 shares of the technology company’s stock worth $1,220,000 after purchasing an additional 1,390 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of International Business Machines by 38.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 4,561 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 1,260 shares in the last quarter. Verus Financial Partners Inc. lifted its position in shares of International Business Machines by 26.7% during the 4th quarter. Verus Financial Partners Inc. now owns 4,265 shares of the technology company’s stock valued at $937,000 after acquiring an additional 900 shares during the period. Chicago Partners Investment Group LLC boosted its stake in International Business Machines by 25.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 19,699 shares of the technology company’s stock worth $4,396,000 after acquiring an additional 4,019 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in International Business Machines by 3.5% in the fourth quarter. Waldron Private Wealth LLC now owns 8,439 shares of the technology company’s stock worth $1,855,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IBM. JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday. Morgan Stanley lifted their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday. Bank of America upped their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group lifted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $225.53.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $255.48 on Friday. The firm has a market capitalization of $236.23 billion, a P/E ratio of 39.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.74. 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 business’s fifty day simple moving average is $226.61 and its 200 day simple moving average is $214.36. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $261.80.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 40.37%. As a group, analysts anticipate that International Business Machines Co. will post 10.54 EPS for the current year.

International Business Machines Announces Dividend

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 issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.61%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Insiders Place Their Bets

In other International Business Machines 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 value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.07% of the company’s stock.

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.