Cladis Investment Advisory LLC Has $2.78 Million Stake in International Business Machines Co. (NYSE:IBM)

Cladis Investment Advisory LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,560 shares of the technology company’s stock after selling 1,250 shares during the period. International Business Machines accounts for about 1.9% of Cladis Investment Advisory LLC’s portfolio, making the stock its 8th biggest position. Cladis Investment Advisory LLC’s holdings in International Business Machines were worth $2,777,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV raised its holdings in shares of International Business Machines by 23.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 8,093 shares of the technology company’s stock valued at $1,400,000 after purchasing an additional 1,513 shares during the period. Bank & Trust Co bought a new position in International Business Machines in the second quarter worth approximately $65,000. Mather Group LLC. boosted its holdings in International Business Machines by 116.9% in the second quarter. Mather Group LLC. now owns 10,235 shares of the technology company’s stock worth $1,955,000 after acquiring an additional 5,517 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of International Business Machines by 9.6% during the second quarter. Kingswood Wealth Advisors LLC now owns 10,947 shares of the technology company’s stock valued at $1,893,000 after acquiring an additional 955 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. increased its holdings in shares of International Business Machines by 23.0% during the second quarter. Astoria Portfolio Advisors LLC. now owns 2,884 shares of the technology company’s stock valued at $499,000 after acquiring an additional 539 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore ISI lifted their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Bank of America lifted their price target on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Finally, Morgan Stanley lowered their price objective on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $208.12.

Insider Activity

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

International Business Machines Stock Up 0.2 %

IBM stock opened at $227.41 on Monday. The company’s 50 day moving average is $220.63 and its 200 day moving average is $197.69. The stock has a market cap of $210.27 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 5.11 and a beta of 0.71. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 1-year low of $156.89 and a 1-year high of $237.37.

International Business Machines (NYSE:IBM) last released 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. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 EPS. Sell-side analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.94%. International Business Machines’s dividend payout ratio is currently 97.23%.

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.