CWS Financial Advisors LLC Cuts Holdings in International Business Machines Co. (NYSE:IBM)

CWS Financial Advisors LLC cut its position in shares of International Business Machines Co. (NYSE:IBM) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,724 shares of the technology company’s stock after selling 588 shares during the period. International Business Machines comprises about 0.6% of CWS Financial Advisors LLC’s holdings, making the stock its 24th largest position. CWS Financial Advisors LLC’s holdings in International Business Machines were worth $1,708,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IBM. Meeder Asset Management Inc. raised its holdings in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after buying an additional 166 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of International Business Machines in the 2nd quarter valued at $7,160,000. Philip James Wealth Mangement LLC acquired a new position in shares of International Business Machines during the 3rd quarter valued at $5,117,000. Aljian Capital Management LLC purchased a new stake in International Business Machines during the 3rd quarter worth $611,000. Finally, Focused Wealth Management Inc increased its holdings in International Business Machines by 52.2% in the 3rd quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company’s stock valued at $2,504,000 after purchasing an additional 3,887 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bernstein Bank upped their target price on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Morgan Stanley dropped their price objective on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $226.92 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The firm’s 50-day moving average price is $220.43 and its two-hundred day moving average price is $196.86. International Business Machines Co. has a 52-week low of $154.86 and a 52-week high of $237.37. The stock has a market capitalization of $209.82 billion, a P/E ratio of 33.03, a P/E/G ratio of 5.09 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter last year, the business posted $2.20 EPS. The business’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.94%. International Business Machines’s dividend payout ratio is presently 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

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.