W.G. Shaheen & Associates DBA Whitney & Co Reduces Stock Position in International Business Machines Co. (NYSE:IBM)

W.G. Shaheen & Associates DBA Whitney & Co decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,582 shares of the technology company’s stock after selling 476 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in International Business Machines were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rothschild Investment LLC grew its stake in International Business Machines by 1.1% in the fourth quarter. Rothschild Investment LLC now owns 21,662 shares of the technology company’s stock valued at $4,762,000 after purchasing an additional 241 shares during the last quarter. Wealthstream Advisors Inc. boosted its holdings in shares of International Business Machines by 12.1% in the 4th quarter. Wealthstream Advisors Inc. now owns 2,823 shares of the technology company’s stock valued at $620,000 after acquiring an additional 304 shares during the last quarter. Crestwood Advisors Group LLC grew its position in International Business Machines by 3.4% during the 4th quarter. Crestwood Advisors Group LLC now owns 22,865 shares of the technology company’s stock worth $5,026,000 after purchasing an additional 749 shares during the period. IFP Advisors Inc boosted its stake in shares of International Business Machines by 7.7% in the fourth quarter. IFP Advisors Inc now owns 23,254 shares of the technology company’s stock worth $5,113,000 after buying an additional 1,670 shares during the last quarter. Finally, J. W. Coons Advisors LLC grew its stake in shares of International Business Machines by 1.0% during the 4th quarter. J. W. Coons Advisors LLC now owns 19,808 shares of the technology company’s stock worth $4,354,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Bank of America increased their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, Morgan Stanley raised 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, January 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Trading Down 1.1 %

Shares of International Business Machines stock opened at $261.77 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The business has a 50 day moving average price of $235.27 and a 200 day moving average price of $222.30. The company has a market capitalization of $242.05 billion, a P/E ratio of 40.84, a P/E/G ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72.

International Business Machines (NYSE:IBM) last announced its 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 net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal 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 issued a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. International Business Machines’s payout ratio is currently 104.21%.

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.