SMART Wealth LLC Cuts Stock Holdings in International Business Machines Co. (NYSE:IBM)

SMART Wealth LLC reduced its stake in International Business Machines Co. (NYSE:IBM) by 6.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,578 shares of the technology company’s stock after selling 265 shares during the quarter. SMART Wealth LLC’s holdings in International Business Machines were worth $787,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IBM. Brookstone Capital Management boosted its stake in International Business Machines by 1.3% in the third quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock valued at $3,658,000 after acquiring an additional 210 shares during the last quarter. CWM LLC raised its holdings in shares of International Business Machines by 5.6% in the 3rd quarter. CWM LLC now owns 126,654 shares of the technology company’s stock worth $28,001,000 after purchasing an additional 6,712 shares during the period. Abner Herrman & Brock LLC lifted its stake in International Business Machines by 1.3% in the third quarter. Abner Herrman & Brock LLC now owns 144,568 shares of the technology company’s stock valued at $31,961,000 after purchasing an additional 1,862 shares during the last quarter. Marcum Wealth LLC grew its holdings in International Business Machines by 11.8% during the third quarter. Marcum Wealth LLC now owns 10,075 shares of the technology company’s stock valued at $2,227,000 after purchasing an additional 1,062 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of International Business Machines by 6.7% in the third quarter. Wedmont Private Capital now owns 10,354 shares of the technology company’s stock valued at $2,352,000 after buying an additional 647 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IBM shares. Wedbush began coverage on International Business Machines in a report on Monday. They issued an “outperform” rating for the company. BMO Capital Markets boosted their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein increased their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, UBS Group lifted their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $225.53.

International Business Machines Stock Down 3.8 %

Shares of NYSE IBM opened at $253.30 on Friday. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The firm has a market capitalization of $234.21 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 5.63 and a beta of 0.76. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average of $228.73 and a 200-day moving average of $216.19.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts expect that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed 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. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

International Business Machines Company 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.