Core Alternative Capital Sells 1,540 Shares of International Business Machines Co. (NYSE:IBM)

Core Alternative Capital trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,695 shares of the technology company’s stock after selling 1,540 shares during the period. Core Alternative Capital’s holdings in International Business Machines were worth $3,230,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Retirement Planning Group LLC bought a new stake in International Business Machines in the third quarter valued at about $618,000. CVA Family Office LLC grew its position in shares of International Business Machines by 4.5% during the 3rd quarter. CVA Family Office LLC now owns 1,876 shares of the technology company’s stock worth $415,000 after buying an additional 80 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of International Business Machines by 29.8% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,223 shares of the technology company’s stock valued at $270,000 after acquiring an additional 281 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $218,000. Finally, Thomasville National Bank boosted its stake in International Business Machines by 24.5% during the 3rd quarter. Thomasville National Bank now owns 3,825 shares of the technology company’s stock worth $846,000 after acquiring an additional 752 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.3 %

International Business Machines stock opened at $248.95 on Tuesday. The company has a fifty day simple moving average of $229.76 and a 200 day simple moving average of $217.38. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The company has a market cap of $230.19 billion, a P/E ratio of 38.84, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Research analysts anticipate that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is presently 104.21%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. UBS Group raised their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $225.53.

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.