WealthShield Partners LLC Sells 210 Shares of International Business Machines Co. (NYSE:IBM)

WealthShield Partners LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,291 shares of the technology company’s stock after selling 210 shares during the period. WealthShield Partners LLC’s holdings in International Business Machines were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. Meeder Asset Management Inc. increased its position 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 worth $126,000 after acquiring an additional 166 shares in the last quarter. Blue Zone Wealth Advisors LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $242,000. Brady Martz Wealth Solutions LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $1,940,000. Tranquilli Financial Advisor LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $373,000. Finally, Philip James Wealth Mangement LLC purchased a new position in shares of International Business Machines during the third quarter valued at approximately $5,117,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on IBM. Morgan Stanley increased their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Sanford C. Bernstein boosted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. UBS Group increased their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Finally, Oppenheimer began coverage on International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Price Performance

IBM stock opened at $262.12 on Tuesday. The firm has a 50 day moving average of $235.92 and a 200-day moving average of $222.79. The firm has a market capitalization of $242.37 billion, a P/E ratio of 40.89, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.55%. International Business Machines’s payout ratio is presently 104.21%.

About International Business Machines

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.