International Business Machines Co. (NYSE:IBM) Stock Position Lessened by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. decreased its holdings in International Business Machines Co. (NYSE:IBM) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,316 shares of the technology company’s stock after selling 256 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in International Business Machines were worth $2,488,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in shares of International Business Machines by 40.9% during the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the last quarter. Blue Zone Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth about $242,000. Brady Martz Wealth Solutions LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth about $1,940,000. Tranquilli Financial Advisor LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at about $373,000. Finally, Philip James Wealth Mangement LLC acquired a new position in shares of International Business Machines during the 3rd quarter valued at about $5,117,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research analyst reports. UBS Group raised their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Morgan Stanley lifted their price objective 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. Sanford C. Bernstein lifted their target price 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. Bank of America lifted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Price Performance

NYSE:IBM opened at $260.65 on Monday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The stock’s 50 day moving average price is $232.08 and its two-hundred day moving average price is $219.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $241.01 billion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last issued its quarterly 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%. On average, analysts anticipate that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines’s 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.