Private Portfolio Partners LLC Has $1.21 Million Holdings in International Business Machines Co. (NYSE:IBM)

Private Portfolio Partners LLC cut its position in International Business Machines Co. (NYSE:IBM) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,498 shares of the technology company’s stock after selling 239 shares during the period. Private Portfolio Partners LLC’s holdings in International Business Machines were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. United Bank increased its position in International Business Machines by 53.3% during the third quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after acquiring an additional 1,956 shares during the period. Edgestream Partners L.P. grew its position in shares of International Business Machines by 21.1% during the 3rd quarter. Edgestream Partners L.P. now owns 6,304 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 1,098 shares in the last quarter. Paloma Partners Management Co raised its position in shares of International Business Machines by 58.8% in the third quarter. Paloma Partners Management Co now owns 5,330 shares of the technology company’s stock valued at $1,178,000 after buying an additional 1,973 shares in the last quarter. Hilltop Holdings Inc. boosted its stake in shares of International Business Machines by 14.8% in the third quarter. Hilltop Holdings Inc. now owns 27,081 shares of the technology company’s stock valued at $5,987,000 after buying an additional 3,483 shares during the period. Finally, HighTower Advisors LLC grew its position in International Business Machines by 6.4% during the third quarter. HighTower Advisors LLC now owns 1,423,795 shares of the technology company’s stock worth $314,762,000 after buying an additional 85,707 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent analyst reports. Wedbush started coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. BMO Capital Markets boosted their target price on shares of 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. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Finally, Bank of America boosted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $231.13.

International Business Machines Stock Performance

NYSE:IBM opened at $250.34 on Wednesday. The stock’s 50-day moving average is $250.52 and its 200-day moving average is $232.13. 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 Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The stock has a market cap of $232.13 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (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%. Equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.