RWA Wealth Partners LLC Sells 2,514 Shares of International Business Machines Co. (NYSE:IBM)

RWA Wealth Partners LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,058 shares of the technology company’s stock after selling 2,514 shares during the quarter. RWA Wealth Partners LLC’s holdings in International Business Machines were worth $11,004,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC lifted its position in shares of International Business Machines by 1,428.6% in the 4th quarter. Summit Securities Group LLC now owns 21,400 shares of the technology company’s stock worth $4,704,000 after purchasing an additional 20,000 shares during the period. Schroder Investment Management Group lifted its holdings in International Business Machines by 18.9% during the fourth quarter. Schroder Investment Management Group now owns 1,186,591 shares of the technology company’s stock worth $260,848,000 after buying an additional 188,714 shares during the period. Allianz SE bought a new stake in International Business Machines during the 4th quarter valued at $2,692,000. Intrust Bank NA raised its position in shares of International Business Machines by 3.0% in the 4th quarter. Intrust Bank NA now owns 12,830 shares of the technology company’s stock worth $2,820,000 after acquiring an additional 370 shares in the last quarter. Finally, Biondo Investment Advisors LLC lifted its stake in shares of International Business Machines by 1.2% during the 4th quarter. Biondo Investment Advisors LLC now owns 54,352 shares of the technology company’s stock worth $11,948,000 after purchasing an additional 657 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $243.83 on Friday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. 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 stock has a market cap of $226.10 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The business has a 50-day simple moving average of $249.51 and a 200-day simple moving average of $231.47.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS 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%. On average, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.74%. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Analyst Ratings Changes

IBM has been the subject of a number of recent research reports. Bank of America boosted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. UBS Group raised their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. BMO Capital Markets upped their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Finally, Oppenheimer assumed coverage on International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $231.44.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.