Arkadios Wealth Advisors Has $3.95 Million Holdings in International Business Machines Co. (NYSE:IBM)

Arkadios Wealth Advisors trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,986 shares of the technology company’s stock after selling 749 shares during the period. Arkadios Wealth Advisors’ holdings in International Business Machines were worth $3,954,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in shares of International Business Machines by 2.2% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,328 shares of the technology company’s stock valued at $512,000 after purchasing an additional 51 shares in the last quarter. Selective Wealth Management Inc. boosted its stake in shares of International Business Machines by 2.2% in the 4th quarter. Selective Wealth Management Inc. now owns 6,013 shares of the technology company’s stock valued at $1,309,000 after purchasing an additional 128 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of International Business Machines by 1.1% in 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 boosted 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 valued at $4,578,000 after purchasing an additional 3,544 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of International Business Machines in the 4th quarter valued at approximately $14,659,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IBM shares. Jefferies Financial Group raised their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Morgan Stanley raised their price target on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, BMO Capital Markets raised their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $215.81.

International Business Machines Stock Up 0.9 %

IBM stock opened at $224.73 on Friday. The firm has a market cap 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 twelve month low of $162.62 and a twelve month high of $239.35. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping 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 prior year, the company posted $2.20 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts forecast that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.07% 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.