Kessler Investment Group LLC Reduces Holdings in International Business Machines Co. (NYSE:IBM)

Kessler Investment Group LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,601 shares of the technology company’s stock after selling 486 shares during the quarter. International Business Machines accounts for about 0.9% of Kessler Investment Group LLC’s investment portfolio, making the stock its 26th largest holding. Kessler Investment Group LLC’s holdings in International Business Machines were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc bought a new position in International Business Machines during the 4th quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. raised its position in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in International Business Machines during the 3rd quarter valued at approximately $29,000. Avondale Wealth Management raised its position in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its position in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.6 %

IBM stock opened at $260.65 on Friday. The business has a 50 day moving average of $231.63 and a 200 day moving average of $218.77. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The firm has a market cap of $241.01 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last issued 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 38.99% and a net margin of 9.60%. On average, research analysts forecast that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.56%. International Business Machines’s dividend payout ratio is 104.21%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of recent analyst reports. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. UBS Group increased their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Oppenheimer assumed coverage on International Business Machines in a research report on Tuesday. They issued an “outperform” rating and a $320.00 target price for the company. Finally, Jefferies Financial Group increased their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $231.44.

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.