World Equity Group Inc. Cuts Stake in International Business Machines Co. (NYSE:IBM)

World Equity Group Inc. lessened its stake in International Business Machines Co. (NYSE:IBM) by 10.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,541 shares of the technology company’s stock after selling 634 shares during the period. World Equity Group Inc.’s holdings in International Business Machines were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Delta Financial Group Inc. purchased a new position in International Business Machines in the fourth quarter valued at about $1,699,000. Ascent Wealth Partners LLC grew its stake in International Business Machines by 0.9% in the fourth quarter. Ascent Wealth Partners LLC now owns 7,209 shares of the technology company’s stock valued at $1,585,000 after purchasing an additional 65 shares during the last quarter. MONECO Advisors LLC grew its stake in International Business Machines by 9.3% in the fourth quarter. MONECO Advisors LLC now owns 13,087 shares of the technology company’s stock valued at $2,877,000 after purchasing an additional 1,110 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its stake in International Business Machines by 5.1% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,425 shares of the technology company’s stock valued at $313,000 after purchasing an additional 69 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in International Business Machines by 4.7% in the fourth quarter. Wealthspire Advisors LLC now owns 27,583 shares of the technology company’s stock worth $6,064,000 after acquiring an additional 1,241 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. Wedbush initiated coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. BMO Capital Markets raised their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Morgan Stanley raised their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Trading Down 1.1 %

Shares of NYSE:IBM opened at $261.77 on Friday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The company has a market capitalization of $242.05 billion, a PE ratio of 40.84, a PEG ratio of 5.81 and a beta of 0.76. The business has a 50 day moving average of $235.27 and a two-hundred day moving average of $222.05. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed 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. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

International Business Machines 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.