Western Wealth Management LLC Sells 818 Shares of International Business Machines Co. (NYSE:IBM)

Western Wealth Management LLC reduced its stake in International Business Machines Co. (NYSE:IBM) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,106 shares of the technology company’s stock after selling 818 shares during the quarter. Western Wealth Management LLC’s holdings in International Business Machines were worth $1,326,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Cornerstone Planning Group LLC bought a new position in International Business Machines in the 2nd quarter valued at approximately $28,000. Live Oak Investment Partners bought a new position in shares of International Business Machines during the 4th quarter valued at $30,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines during the 3rd quarter valued at $31,000. PCA Investment Advisory Services Inc. bought a new position in shares of International Business Machines during the 2nd quarter valued at $31,000. Finally, Stone House Investment Management LLC lifted its holdings in shares of International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.1 %

Shares of International Business Machines stock opened at $181.63 on Friday. The firm has a market cap of $166.51 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 3.57 and a beta of 0.70. The business has a 50-day moving average price of $188.46 and a 200-day moving average price of $168.91. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.60 earnings per share. Equities research analysts anticipate that International Business Machines Co. will post 10.04 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Analyst Upgrades and Downgrades

IBM has been the subject of several analyst reports. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Bank of America upped their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Societe Generale restated a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. BMO Capital Markets upped their price objective on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $178.67.

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.