Wealth Effects LLC Has $2.91 Million Stake in International Business Machines Co. (NYSE:IBM)

Wealth Effects LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,242 shares of the technology company’s stock after selling 1,469 shares during the quarter. International Business Machines makes up approximately 1.0% of Wealth Effects LLC’s portfolio, making the stock its 14th biggest position. Wealth Effects LLC’s holdings in International Business Machines were worth $2,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Stonegate Investment Group LLC increased its position in shares of International Business Machines by 8.9% during the fourth quarter. Stonegate Investment Group LLC now owns 14,518 shares of the technology company’s stock worth $3,191,000 after buying an additional 1,190 shares during the period. Perigon Wealth Management LLC boosted its position in International Business Machines by 5.8% during the fourth quarter. Perigon Wealth Management LLC now owns 21,960 shares of the technology company’s stock valued at $4,890,000 after acquiring an additional 1,213 shares during the last quarter. Jeppson Wealth Management LLC raised its position in shares of International Business Machines by 0.8% in the 4th quarter. Jeppson Wealth Management LLC now owns 7,160 shares of the technology company’s stock worth $1,574,000 after acquiring an additional 58 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $226,000. Finally, KFA Private Wealth Group LLC boosted its position in shares of International Business Machines by 24.1% during the 4th quarter. KFA Private Wealth Group LLC now owns 2,503 shares of the technology company’s stock valued at $550,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 0.3 %

International Business Machines stock opened at $224.06 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market cap of $207.18 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The firm’s 50-day simple moving average is $224.33 and its 200 day simple moving average is $212.82.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IBM. Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bank of America increased their price objective on shares of International Business Machines from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $220.73.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by corporate insiders.

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.