Long Run Wealth Advisors LLC Sells 362 Shares of International Business Machines Co. (NYSE:IBM)

Long Run Wealth Advisors LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,213 shares of the technology company’s stock after selling 362 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in International Business Machines were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. grew its stake in shares of International Business Machines by 40.9% during the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after buying an additional 166 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new position in International Business Machines in the fourth quarter worth approximately $1,940,000. Tranquilli Financial Advisor LLC bought a new position in International Business Machines in the fourth quarter worth approximately $373,000. Philip James Wealth Mangement LLC bought a new position in International Business Machines in the third quarter worth approximately $5,117,000. Finally, Nordea Investment Management AB grew its stake in International Business Machines by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after purchasing an additional 4,625 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’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 sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $263.03 on Thursday. The firm has a market capitalization of $243.21 billion, a price-to-earnings ratio of 41.04, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The business has a fifty day moving average of $228.01 and a 200 day moving average of $215.86. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts expect that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.54%. International Business Machines’s payout ratio is currently 104.21%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IBM shares. Morgan Stanley increased their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. BMO Capital Markets increased their target price on 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. Bank of America increased their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein increased their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $225.53.

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.