TrueWealth Advisors LLC Sells 257 Shares of International Business Machines Co. (NYSE:IBM)

TrueWealth Advisors LLC reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,712 shares of the technology company’s stock after selling 257 shares during the period. TrueWealth Advisors LLC’s holdings in International Business Machines were worth $1,036,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group lifted its stake in International Business Machines by 1.1% during the 4th quarter. Brooklyn Investment Group now owns 4,992 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 53 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of International Business Machines by 20.5% during the 4th quarter. Merit Financial Group LLC now owns 20,825 shares of the technology company’s stock worth $4,578,000 after buying an additional 3,544 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of International Business Machines in the 4th quarter worth approximately $14,659,000. Wealthcare Advisory Partners LLC increased its position in shares of International Business Machines by 0.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 18,608 shares of the technology company’s stock valued at $4,091,000 after acquiring an additional 61 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in International Business Machines by 73.2% during the fourth quarter. Procyon Advisors LLC now owns 12,111 shares of the technology company’s stock worth $2,662,000 after acquiring an additional 5,118 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents 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. Insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IBM shares. Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Jefferies Financial Group lifted their price target 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. BMO Capital Markets raised their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $215.81.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $224.73 on Friday. The firm has a market capitalization 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 company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35. The business’s 50-day moving average price is $222.65 and its 200-day moving average price is $210.31.

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, beating analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 EPS. Sell-side analysts forecast that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

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.