SOA Wealth Advisors LLC. Sells 201 Shares of International Business Machines Co. (NYSE:IBM)

SOA Wealth Advisors LLC. lowered its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,939 shares of the technology company’s stock after selling 201 shares during the period. SOA Wealth Advisors LLC.’s holdings in International Business Machines were worth $646,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in International Business Machines by 40.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new position in shares of International Business Machines in the fourth quarter valued at about $1,940,000. Tranquilli Financial Advisor LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $373,000. Philip James Wealth Mangement LLC bought a new stake in shares of International Business Machines during the 3rd quarter worth about $5,117,000. Finally, Nordea Investment Management AB raised its holdings in International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after acquiring an additional 4,625 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Bank of America boosted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Jefferies Financial Group upped their price objective on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Sanford C. Bernstein upped their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $225.53.

International Business Machines Trading Down 0.4 %

Shares of IBM opened at $252.31 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The firm has a market cap of $233.30 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 5.63 and a beta of 0.76. The business’s fifty day moving average is $229.26 and its 200-day moving average is $216.45.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. Equities analysts anticipate that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.65%. International Business Machines’s dividend payout ratio is currently 104.21%.

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.