Oxford Financial Group LTD. LLC Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

Oxford Financial Group LTD. LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,937 shares of the technology company’s stock after selling 85 shares during the period. Oxford Financial Group LTD. LLC’s holdings in International Business Machines were worth $865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Adams Diversified Equity Fund Inc. bought a new position in shares of International Business Machines in the fourth quarter worth about $28,512,000. Gutierrez Wealth Advisory LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $232,000. Lee Danner & Bass Inc. raised its stake in shares of International Business Machines by 3.0% in the fourth quarter. Lee Danner & Bass Inc. now owns 13,588 shares of the technology company’s stock worth $2,987,000 after buying an additional 390 shares during the period. Kiker Wealth Management LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $638,000. Finally, Douglass Winthrop Advisors LLC raised its stake in shares of International Business Machines by 2.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,263 shares of the technology company’s stock worth $4,015,000 after buying an additional 414 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on IBM. Jefferies Financial Group raised their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $231.44.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $243.42 on Friday. The stock has a 50 day moving average price of $246.29 and a 200-day moving average price of $229.42. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market cap of $225.71 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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 analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

International Business Machines Company Profile

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.