Baldwin Wealth Partners LLC MA Sells 2,429 Shares of International Business Machines Co. (NYSE:IBM)

Baldwin Wealth Partners LLC MA lowered its holdings in International Business Machines Co. (NYSE:IBM) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 87,156 shares of the technology company’s stock after selling 2,429 shares during the period. International Business Machines accounts for 1.3% of Baldwin Wealth Partners LLC MA’s portfolio, making the stock its 22nd largest position. Baldwin Wealth Partners LLC MA’s holdings in International Business Machines were worth $19,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its holdings in shares of International Business Machines by 25.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 38,116 shares of the technology company’s stock worth $8,379,000 after purchasing an additional 7,815 shares in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in shares of International Business Machines by 5.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 22,033 shares of the technology company’s stock worth $4,843,000 after purchasing an additional 1,233 shares in the last quarter. Valued Wealth Advisors LLC grew its holdings in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares in the last quarter. Cornerstone Wealth Group LLC lifted its position in shares of International Business Machines by 2.3% during the 4th quarter. Cornerstone Wealth Group LLC now owns 3,757 shares of the technology company’s stock worth $826,000 after buying an additional 83 shares during the period. Finally, KBC Group NV lifted its position in shares of International Business Machines by 90.4% during the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock worth $370,909,000 after buying an additional 800,930 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

International Business Machines Stock Down 1.5 %

Shares of International Business Machines stock opened at $221.39 on Monday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The company has a market capitalization of $204.71 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35. The business has a 50-day moving average of $224.33 and a two-hundred day moving average of $212.82.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.02%. International Business Machines’s payout ratio is presently 97.23%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Bernstein Bank raised their target price on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research note on Thursday. Sanford C. Bernstein upped their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Finally, StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $220.73.

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.