Washington Capital Management Inc. Trims Stock Position in International Business Machines Co. (NYSE:IBM)

Washington Capital Management Inc. trimmed its stake in International Business Machines Co. (NYSE:IBM) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,390 shares of the technology company’s stock after selling 100 shares during the period. International Business Machines comprises 0.8% of Washington Capital Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Washington Capital Management Inc.’s holdings in International Business Machines were worth $965,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Advisory Alpha LLC lifted its position in shares of International Business Machines by 0.8% during the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock worth $1,340,000 after buying an additional 65 shares during the last quarter. Farmers National Bank lifted its position in International Business Machines by 11.0% in the second quarter. Farmers National Bank now owns 22,715 shares of the technology company’s stock valued at $3,929,000 after purchasing an additional 2,247 shares during the period. Creekside Partners acquired a new position in International Business Machines during the second quarter worth $584,000. Sanctuary Advisors LLC purchased a new position in shares of International Business Machines in the 2nd quarter valued at about $40,068,000. Finally, Lazari Capital Management Inc. boosted its stake in shares of International Business Machines by 9.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 1,973 shares of the technology company’s stock worth $341,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The shares were 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 directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IBM shares. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a report on Wednesday, October 2nd. Morgan Stanley dropped their price objective on shares of International Business Machines from $222.00 to $217.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, Bank of America boosted their target price on shares of International Business Machines from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $220.40.

International Business Machines Stock Up 1.5 %

International Business Machines stock opened at $229.13 on Thursday. The stock has a market capitalization of $211.86 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The company has a 50 day moving average of $224.95 and a 200-day moving average of $213.44. 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 results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. On average, equities research analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.92%. International Business Machines’s dividend payout ratio is 97.23%.

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.