Guardian Investment Management Lowers Holdings in International Business Machines Co. (NYSE:IBM)

Guardian Investment Management lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,400 shares of the technology company’s stock after selling 375 shares during the period. Guardian Investment Management’s holdings in International Business Machines were worth $528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Terra Nova Asset Management LLC increased its holdings in International Business Machines by 2.0% during the fourth quarter. Terra Nova Asset Management LLC now owns 10,844 shares of the technology company’s stock valued at $2,384,000 after buying an additional 212 shares during the period. RoundAngle Advisors LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at $1,847,000. Cascade Investment Group Inc. raised its position in shares of International Business Machines by 3.2% in the 4th quarter. Cascade Investment Group Inc. now owns 6,108 shares of the technology company’s stock worth $1,343,000 after acquiring an additional 189 shares in the last quarter. Brady Martz Wealth Solutions LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth $1,940,000. Finally, Arbor Trust Wealth Advisors LLC boosted its position in International Business Machines by 31.2% during the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 6,081 shares of the technology company’s stock valued at $1,337,000 after purchasing an additional 1,447 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The shares were 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 owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $224.73 on Monday. The stock has a market cap of $207.80 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35. The company has a 50 day simple moving average of $222.87 and a two-hundred day simple moving average of $210.89. 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 (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 earnings per share. As a group, analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on IBM. UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Morgan Stanley raised their target price on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. The Goldman Sachs Group upped their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $216.87.

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.