International Business Machines Co. (NYSE:IBM) Stock Holdings Lowered by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 86.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,558 shares of the technology company’s stock after selling 10,110 shares during the period. Bright Futures Wealth Management LLC.’s holdings in International Business Machines were worth $356,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IBM. CFC Planning Co LLC bought a new position in International Business Machines in the 4th quarter worth about $1,549,000. Palacios Wealth Management LLC bought a new position in International Business Machines in the 4th quarter worth approximately $999,000. Compagnie Lombard Odier SCmA grew its holdings in International Business Machines by 0.4% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 100,327 shares of the technology company’s stock worth $22,055,000 after buying an additional 355 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of International Business Machines in the fourth quarter worth $245,000. Finally, Catalyst Financial Partners LLC increased its holdings in shares of International Business Machines by 5.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 4,818 shares of the technology company’s stock valued at $1,059,000 after purchasing an additional 270 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IBM shares. Bank of America increased their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Oppenheimer initiated coverage on shares of International Business Machines in a report on Tuesday. They issued an “outperform” rating and a $320.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Finally, Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Performance

Shares of IBM opened at $259.07 on Friday. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The company has a 50-day moving average of $231.15 and a two-hundred day moving average of $218.49. The stock has a market cap of $239.55 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 5.57 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 (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities research analysts expect that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.58%. 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.