Great Valley Advisor Group Inc. Sells 140 Shares of International Business Machines Co. (NYSE:IBM)

Great Valley Advisor Group Inc. decreased its holdings in International Business Machines Co. (NYSE:IBM) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,555 shares of the technology company’s stock after selling 140 shares during the period. Great Valley Advisor Group Inc.’s holdings in International Business Machines were worth $2,217,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBM. Naples Money Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $28,000. Briaud Financial Planning Inc bought a new stake in shares of International Business Machines during the 3rd quarter valued at approximately $31,000. Stone House Investment Management LLC grew its stake in shares of International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. grew its holdings in International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 91 shares during the period. Finally, Cordant Inc. raised its stake in International Business Machines by 753.3% during the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.2 %

Shares of IBM opened at $164.73 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The company has a 50 day simple moving average of $186.15 and a two-hundred day simple moving average of $170.82. The firm has a market cap of $151.32 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 4.05 and a beta of 0.74. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. On average, equities analysts expect that International Business Machines Co. will post 9.92 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $1.67 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IBM shares. BMO Capital Markets reduced their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. Morgan Stanley reduced their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Wedbush increased their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Three equities research analysts have 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. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average target price of $181.29.

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.