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

Walkner Condon Financial Advisors LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,319 shares of the technology company’s stock after selling 125 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in International Business Machines were worth $510,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Catalyst Financial Partners LLC boosted its stake in International Business Machines by 5.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 4,818 shares of the technology company’s stock valued at $1,059,000 after purchasing an additional 270 shares during the last quarter. Life Planning Partners Inc purchased a new position in shares of International Business Machines in the 4th quarter worth $36,002,000. Pathway Financial Advisers LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $4,706,000. Investment Partners Asset Management Inc. boosted its stake in shares of International Business Machines by 2.5% in the 4th quarter. Investment Partners Asset Management Inc. now owns 9,092 shares of the technology company’s stock worth $1,999,000 after buying an additional 221 shares during the last quarter. Finally, Avestar Capital LLC boosted its stake in shares of International Business Machines by 12.4% in the 4th quarter. Avestar Capital LLC now owns 5,173 shares of the technology company’s stock worth $1,137,000 after buying an additional 569 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $260.65 on Friday. The stock’s 50-day simple moving average is $231.63 and its 200-day simple moving average is $218.77. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The company has a market capitalization of $241.01 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 5.57 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. As a group, analysts expect that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.56%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IBM. Wedbush began coverage on International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Bank of America raised their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. 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 research note on Thursday, January 30th. Finally, Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $231.44.

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.