Winthrop Advisory Group LLC Cuts Position in International Business Machines Co. (NYSE:IBM)

Winthrop Advisory Group LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 25.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,613 shares of the technology company’s stock after selling 1,540 shares during the quarter. Winthrop Advisory Group LLC’s holdings in International Business Machines were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in IBM. Qsemble Capital Management LP purchased a new stake in shares of International Business Machines during the second quarter valued at approximately $279,000. Federated Hermes Inc. grew its holdings in shares of International Business Machines by 39.9% during the second quarter. Federated Hermes Inc. now owns 183,544 shares of the technology company’s stock valued at $31,744,000 after buying an additional 52,385 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of International Business Machines by 6.3% during the second quarter. Parallel Advisors LLC now owns 28,620 shares of the technology company’s stock valued at $4,950,000 after buying an additional 1,694 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of International Business Machines by 98.2% during the second quarter. Thoroughbred Financial Services LLC now owns 8,880 shares of the technology company’s stock valued at $1,535,000 after buying an additional 4,400 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in International Business Machines by 5.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,309,420 shares of the technology company’s stock worth $226,464,000 after purchasing an additional 68,198 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

International Business Machines Price Performance

NYSE IBM traded down $2.19 on Monday, reaching $217.56. The company had a trading volume of 564,312 shares, compared to its average volume of 2,730,444. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $201.17 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74. The firm’s 50 day moving average price is $221.92 and its 200 day moving average price is $209.52. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. As a group, equities analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.07%. International Business Machines’s dividend payout ratio is currently 97.23%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IBM. Bernstein Bank raised their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Stifel Nicolaus raised their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Morgan Stanley lifted their price target on shares of International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Finally, BMO Capital Markets lifted their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $214.88.

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.