TrueWealth Advisors LLC Lowers Position in International Business Machines Co. (NYSE:IBM)

TrueWealth Advisors LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 5.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,712 shares of the technology company’s stock after selling 257 shares during the quarter. TrueWealth Advisors LLC’s holdings in International Business Machines were worth $1,036,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its stake in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after buying an additional 116 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of International Business Machines in the third quarter worth $29,000. Avondale Wealth Management increased its holdings in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of International Business Machines in the 4th quarter worth about $40,000. Finally, Capital Performance Advisors LLP bought a new position in International Business Machines in the 3rd quarter worth about $43,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IBM. UBS Group lifted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday. Bernstein Bank boosted their price objective 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. Jefferies Financial Group increased their target price on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. The Goldman Sachs Group boosted their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, BMO Capital Markets lifted their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $215.81.

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 on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $224.73 on Friday. The firm has a market capitalization of $207.80 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The business has a 50 day simple moving average of $222.65 and a 200-day simple moving average of $210.31. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35.

International Business Machines (NYSE:IBM) last issued its 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. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

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

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.