Woodard & Co. Asset Management Group Inc. ADV Sells 550 Shares of International Business Machines Co. (NYSE:IBM)

Woodard & Co. Asset Management Group Inc. ADV cut its stake in International Business Machines Co. (NYSE:IBM) by 15.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,970 shares of the technology company’s stock after selling 550 shares during the period. Woodard & Co. Asset Management Group Inc. ADV’s holdings in International Business Machines were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of IBM. Creative Planning lifted its holdings in shares of International Business Machines by 5.1% during the 3rd quarter. Creative Planning now owns 300,740 shares of the technology company’s stock worth $66,488,000 after acquiring an additional 14,677 shares during the period. Stratos Investment Management LLC bought a new position in shares of International Business Machines during the 3rd quarter worth about $413,000. Embree Financial Group lifted its holdings in shares of International Business Machines by 4.0% during the 3rd quarter. Embree Financial Group now owns 1,595 shares of the technology company’s stock worth $353,000 after acquiring an additional 62 shares during the period. Chicago Capital LLC lifted its holdings in shares of International Business Machines by 12.3% during the 3rd quarter. Chicago Capital LLC now owns 10,048 shares of the technology company’s stock worth $2,221,000 after acquiring an additional 1,098 shares during the period. Finally, Veracity Capital LLC lifted its holdings in shares of International Business Machines by 1.5% during the 3rd quarter. Veracity Capital LLC now owns 4,936 shares of the technology company’s stock worth $1,091,000 after acquiring an additional 74 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBM has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. UBS Group raised their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Sanford C. Bernstein increased their target price on shares of 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, Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Trading Up 0.6 %

IBM opened at $260.65 on Monday. 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 has a market capitalization of $241.01 billion, a PE ratio of 40.66, a PEG ratio of 5.57 and a beta of 0.76. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The firm has a 50-day moving average price of $232.08 and a two-hundred day moving average price of $219.45.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities analysts anticipate that International Business Machines Co. will post 10.75 earnings per share for the current fiscal 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 paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Monday, February 10th. 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.