International Business Machines Co. (NYSE:IBM) Stock Position Reduced by Dopkins Wealth Management LLC

Dopkins Wealth Management LLC lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,600 shares of the technology company’s stock after selling 300 shares during the period. International Business Machines comprises 0.6% of Dopkins Wealth Management LLC’s portfolio, making the stock its 20th largest position. Dopkins Wealth Management LLC’s holdings in International Business Machines were worth $796,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IBM. ROI Financial Advisors LLC raised its position in shares of International Business Machines by 22.8% during the 3rd quarter. ROI Financial Advisors LLC now owns 8,362 shares of the technology company’s stock worth $1,849,000 after purchasing an additional 1,553 shares during the period. Plato Investment Management Ltd raised its position in shares of International Business Machines by 2.1% during the 3rd quarter. Plato Investment Management Ltd now owns 13,918 shares of the technology company’s stock worth $3,074,000 after purchasing an additional 288 shares during the period. Cable Hill Partners LLC raised its position in shares of International Business Machines by 6.3% during the 3rd quarter. Cable Hill Partners LLC now owns 6,154 shares of the technology company’s stock worth $1,361,000 after purchasing an additional 364 shares during the period. Main Street Financial Solutions LLC raised its position in shares of International Business Machines by 2.0% during the 3rd quarter. Main Street Financial Solutions LLC now owns 10,237 shares of the technology company’s stock worth $2,263,000 after purchasing an additional 202 shares during the period. Finally, Schrum Private Wealth Management LLC raised its position in shares of International Business Machines by 100.0% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 2,416 shares of the technology company’s stock worth $534,000 after purchasing an additional 1,208 shares during the period. Institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by insiders.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $210.91 on Thursday. 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 1 year low of $149.05 and a 1 year high of $237.37. The business has a fifty day simple moving average of $218.44 and a 200 day simple moving average of $192.98. The firm has a market cap of $195.02 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 4.74 and a beta of 0.71.

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, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the company earned $2.20 earnings per share. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.17%. International Business Machines’s dividend payout ratio is presently 97.23%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. BMO Capital Markets raised their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Evercore ISI raised their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $208.12.

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.