WealthPLAN Partners LLC Has $4.91 Million Stock Position in International Business Machines Co. (NYSE:IBM)

WealthPLAN Partners LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 5.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,311 shares of the technology company’s stock after selling 1,367 shares during the quarter. WealthPLAN Partners LLC’s holdings in International Business Machines were worth $4,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. PUREfi Wealth LLC acquired a new position in International Business Machines in the fourth quarter valued at about $283,000. ABC Arbitrage SA acquired a new position in International Business Machines in the fourth quarter valued at about $1,277,000. Sage Advisors LLC raised its stake in International Business Machines by 1.0% in the fourth quarter. Sage Advisors LLC now owns 4,716 shares of the technology company’s stock valued at $1,037,000 after purchasing an additional 49 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its stake in International Business Machines by 1.7% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 64,595 shares of the technology company’s stock valued at $14,200,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in International Business Machines by 0.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 14,096 shares of the technology company’s stock valued at $3,099,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IBM shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their target price 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. UBS Group lifted their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their target price on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley lifted their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Performance

NYSE:IBM opened at $260.65 on Friday. The stock has a market cap of $241.01 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock’s 50-day moving average is $231.63 and its 200-day moving average is $218.77. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72.

International Business Machines (NYSE:IBM) last released its quarterly earnings results 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 return on equity of 38.99% and a net margin of 9.60%. Equities research analysts anticipate 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 announced 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. This represents a $6.68 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is presently 104.21%.

International Business Machines Company 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.