International Business Machines Co. (NYSE:IBM) Shares Sold by Bogart Wealth LLC

Bogart Wealth LLC lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 25.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,003 shares of the technology company’s stock after selling 17,006 shares during the quarter. Bogart Wealth LLC’s holdings in International Business Machines were worth $10,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its stake in International Business Machines by 5.1% in the 3rd quarter. Creative Planning now owns 300,740 shares of the technology company’s stock valued at $66,488,000 after purchasing an additional 14,677 shares during the last quarter. Regatta Capital Group LLC acquired a new position in International Business Machines in the 3rd quarter valued at about $213,000. Foster Victor Wealth Advisors LLC raised its stake in International Business Machines by 5.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,061 shares of the technology company’s stock valued at $483,000 after purchasing an additional 100 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in International Business Machines by 109.9% in the 3rd quarter. Wolff Wiese Magana LLC now owns 466 shares of the technology company’s stock valued at $103,000 after purchasing an additional 244 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its stake in International Business Machines by 9.6% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 12,279 shares of the technology company’s stock valued at $2,715,000 after purchasing an additional 1,076 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. UBS Group lifted their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday. They issued an “outperform” rating and a $320.00 price target for the company. Wedbush initiated coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Finally, Morgan Stanley lifted their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Up 1.3 %

Shares of NYSE:IBM opened at $259.07 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The stock has a market capitalization of $239.55 billion, a P/E ratio of 40.42, a PEG ratio of 5.57 and a beta of 0.76. The stock has a 50-day simple moving average of $231.15 and a 200-day simple moving average of $218.49.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio 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.