International Business Machines Co. (NYSE:IBM) Stock Position Reduced by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT trimmed its holdings in International Business Machines Co. (NYSE:IBM) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,387 shares of the technology company’s stock after selling 204 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in International Business Machines were worth $2,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of International Business Machines by 19.7% in the fourth quarter. Russell Investments Group Ltd. now owns 530,414 shares of the technology company’s stock valued at $86,775,000 after purchasing an additional 87,227 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of International Business Machines by 13.1% in the fourth quarter. Addison Advisors LLC now owns 4,910 shares of the technology company’s stock valued at $803,000 after buying an additional 569 shares during the period. Gilliland Jeter Wealth Management LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at about $663,000. Fulton Breakefield Broenniman LLC lifted its stake in International Business Machines by 8.5% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 2,697 shares of the technology company’s stock worth $441,000 after purchasing an additional 212 shares during the period. Finally, Delta Investment Management LLC lifted its stake in International Business Machines by 3.3% during the fourth quarter. Delta Investment Management LLC now owns 5,190 shares of the technology company’s stock worth $849,000 after purchasing an additional 168 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBM has been the subject of a number of analyst reports. Wedbush raised their price target on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Societe Generale reaffirmed a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Finally, Royal Bank of Canada lifted their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Down 1.1 %

IBM traded down $1.78 during trading on Friday, hitting $167.13. The company had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. The firm’s 50-day moving average price is $187.60 and its 200 day moving average price is $170.15. The company has a quick ratio of 0.93, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The company has a market capitalization of $153.21 billion, a PE ratio of 18.94, a PEG ratio of 3.33 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the previous year, the firm posted $1.36 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.97%. International Business Machines’s dividend payout ratio (DPR) is presently 75.20%.

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.