Amplius Wealth Advisors LLC Sells 238 Shares of International Business Machines Co. (NYSE:IBM)

Amplius Wealth Advisors LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,758 shares of the technology company’s stock after selling 238 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in International Business Machines were worth $606,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of International Business Machines by 18.6% during the second quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock worth $43,276,000 after purchasing an additional 39,212 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of International Business Machines during the second quarter valued at approximately $72,000. EverSource Wealth Advisors LLC increased its holdings in shares of International Business Machines by 6.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the technology company’s stock valued at $491,000 after purchasing an additional 150 shares in the last quarter. DRW Securities LLC bought a new position in International Business Machines in the 2nd quarter worth approximately $1,334,000. Finally, Harmony Asset Management LLC boosted its position in International Business Machines by 57.4% in the 2nd quarter. Harmony Asset Management LLC now owns 3,684 shares of the technology company’s stock valued at $637,000 after buying an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.9 %

International Business Machines stock opened at $224.73 on Tuesday. The company has a 50 day moving average of $222.87 and a 200-day moving average of $211.14. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The stock has a market capitalization of $207.80 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping 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 prior year, the business earned $2.20 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $1.67 dividend. 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 payout ratio is 97.23%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBM. Bank of America boosted their target price on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. UBS Group lifted their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $216.87.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were 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 of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.07% of the company’s stock.

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.