International Business Machines Co. (NYSE:IBM) Shares Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,203 shares of the technology company’s stock after selling 554 shares during the period. Lake Street Private Wealth LLC’s holdings in International Business Machines were worth $1,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. grew its holdings in International Business Machines by 2.2% during the fourth quarter. Selective Wealth Management Inc. now owns 6,013 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 128 shares during the period. Brooklyn Investment Group boosted its position in shares of International Business Machines by 1.1% during the 4th quarter. Brooklyn Investment Group now owns 4,992 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 53 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of International Business Machines by 20.5% in the 4th quarter. Merit Financial Group LLC now owns 20,825 shares of the technology company’s stock worth $4,578,000 after purchasing an additional 3,544 shares during the last quarter. Avanza Fonder AB bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $14,659,000. Finally, Wealthcare Advisory Partners LLC lifted its stake in International Business Machines by 0.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 18,608 shares of the technology company’s stock valued at $4,091,000 after purchasing an additional 61 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IBM shares. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. UBS Group lifted their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday. Finally, Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $215.81.

International Business Machines Stock Up 0.9 %

IBM opened at $224.73 on Friday. The company has a market capitalization of $207.80 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The business has a 50-day moving average of $222.65 and a 200-day moving average of $210.31. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the company earned $2.20 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio is currently 97.23%.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.