SMART Wealth LLC Sells 265 Shares of International Business Machines Co. (NYSE:IBM)

SMART Wealth LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,578 shares of the technology company’s stock after selling 265 shares during the period. SMART Wealth LLC’s holdings in International Business Machines were worth $787,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its stake in shares of International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $373,000. Philip James Wealth Mangement LLC acquired a new position in shares of International Business Machines during the third quarter worth $5,117,000. Finally, Nordea Investment Management AB lifted its stake in shares of 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 valued at $16,615,000 after acquiring an additional 4,625 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 3.8 %

Shares of NYSE:IBM opened at $253.30 on Friday. The business’s 50-day moving average is $228.73 and its 200-day moving average is $216.19. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The company has a market capitalization of $234.21 billion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 5.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities research analysts predict that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 2.64%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analyst Ratings Changes

A number of equities analysts have issued reports on IBM shares. JPMorgan Chase & Co. upped their target price on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America upped their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group lifted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $225.53.

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.