Capital Investment Advisory Services LLC Has $4.03 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Capital Investment Advisory Services LLC reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,321 shares of the technology company’s stock after selling 355 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in International Business Machines were worth $4,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. OLD National Bancorp IN raised its position in International Business Machines by 0.4% in the 4th quarter. OLD National Bancorp IN now owns 12,903 shares of the technology company’s stock valued at $2,836,000 after buying an additional 51 shares during the last quarter. First Affirmative Financial Network grew its stake in shares of International Business Machines by 1.5% in the 4th quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock worth $687,000 after acquiring an additional 46 shares in the last quarter. DMC Group LLC raised its holdings in shares of International Business Machines by 8.8% in the fourth quarter. DMC Group LLC now owns 3,475 shares of the technology company’s stock valued at $764,000 after purchasing an additional 280 shares during the last quarter. Abel Hall LLC lifted its position in shares of International Business Machines by 4.5% during the fourth quarter. Abel Hall LLC now owns 1,399 shares of the technology company’s stock valued at $307,000 after purchasing an additional 60 shares in the last quarter. Finally, Enzi Wealth boosted its holdings in International Business Machines by 42.8% during the fourth quarter. Enzi Wealth now owns 1,382 shares of the technology company’s stock worth $308,000 after purchasing an additional 414 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of IBM opened at $229.13 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market capitalization of $211.87 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. The stock’s 50-day simple moving average is $224.95 and its 200 day simple moving average is $213.44.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. Research analysts forecast that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 97.23%.

Insiders Place Their Bets

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value 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 represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on IBM. BMO Capital Markets increased their price objective on shares of 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. UBS Group lifted their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research note on Wednesday, October 2nd. Morgan Stanley lifted their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $221.13.

International Business Machines 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.