International Business Machines Co. (NYSE:IBM) Shares Sold by Almanack Investment Partners LLC.

Almanack Investment Partners LLC. decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,885 shares of the technology company’s stock after selling 196 shares during the period. Almanack Investment Partners LLC.’s holdings in International Business Machines were worth $414,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brookstone Capital Management raised its holdings in shares of International Business Machines by 1.3% during the third quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock valued at $3,658,000 after buying an additional 210 shares during the last quarter. CWM LLC boosted its stake in shares of International Business Machines by 5.6% during the 3rd quarter. CWM LLC now owns 126,654 shares of the technology company’s stock worth $28,001,000 after acquiring an additional 6,712 shares in the last quarter. Cypress Wealth Services LLC increased its stake in International Business Machines by 5.1% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,467 shares of the technology company’s stock worth $324,000 after purchasing an additional 71 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $519,000. Finally, Cerro Pacific Wealth Advisors LLC boosted its position in shares of International Business Machines by 14.9% in the third quarter. Cerro Pacific Wealth Advisors LLC now owns 2,338 shares of the technology company’s stock worth $517,000 after buying an additional 303 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on IBM shares. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Bank of America boosted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Sanford C. Bernstein boosted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $225.53.

International Business Machines Trading Down 0.4 %

NYSE IBM opened at $252.31 on Friday. The business has a 50 day simple moving average of $229.26 and a 200 day simple moving average of $216.45. The stock has a market capitalization of $233.30 billion, a P/E ratio of 39.36, a P/E/G ratio of 5.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Research analysts expect that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.65%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

About International Business Machines

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.