Kavar Capital Partners Group LLC Trims Stock Holdings in International Business Machines Co. (NYSE:IBM)

Kavar Capital Partners Group LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 23,453 shares of the technology company’s stock after selling 535 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in International Business Machines were worth $5,156,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IBM. Susquehanna Fundamental Investments LLC purchased a new position in International Business Machines during the second quarter worth about $7,160,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of International Business Machines in the second quarter worth approximately $36,000. Kathmere Capital Management LLC grew its holdings in International Business Machines by 16.7% in the second quarter. Kathmere Capital Management LLC now owns 1,571 shares of the technology company’s stock valued at $272,000 after purchasing an additional 225 shares during the period. Creative Planning increased its position in International Business Machines by 6.5% during the second quarter. Creative Planning now owns 286,063 shares of the technology company’s stock worth $49,475,000 after purchasing an additional 17,475 shares during the last quarter. Finally, Copperwynd Financial LLC raised its stake in International Business Machines by 10.9% during the second quarter. Copperwynd Financial LLC now owns 5,010 shares of the technology company’s stock worth $963,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein boosted their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $220.73.

International Business Machines Stock Down 0.6 %

Shares of NYSE:IBM opened at $224.69 on Monday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a market cap of $207.75 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The company has a fifty day simple moving average of $224.33 and a 200 day simple moving average of $212.82.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

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.