TrueWealth Advisors LLC Cuts Stock Holdings in International Business Machines Co. (NYSE:IBM)

TrueWealth Advisors LLC lowered its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,969 shares of the technology company’s stock after selling 83 shares during the quarter. TrueWealth Advisors LLC’s holdings in International Business Machines were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of IBM. FPC Investment Advisory Inc. purchased a new position in International Business Machines in the first quarter valued at $26,000. ESL Trust Services LLC purchased a new position in International Business Machines in the first quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines in the second quarter valued at $36,000. Wolff Wiese Magana LLC increased its holdings in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after buying an additional 60 shares during the last quarter. Finally, Briaud Financial Planning Inc increased its holdings in International Business Machines by 54.3% in the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock valued at $49,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM traded up $1.53 during mid-day trading on Friday, hitting $208.25. 3,334,308 shares of the company’s stock were exchanged, compared to its average volume of 4,747,218. International Business Machines Co. has a fifty-two week low of $144.84 and a fifty-two week high of $237.37. The firm has a market capitalization of $192.56 billion, a P/E ratio of 30.31, a P/E/G ratio of 4.64 and a beta of 0.71. The business’s 50 day moving average is $216.84 and its two-hundred day moving average is $191.29. 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 (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 earnings per share. On average, equities analysts expect that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.21%. International Business Machines’s payout ratio is currently 97.23%.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent analyst reports. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Morgan Stanley decreased their price objective on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Bank of America upped their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $208.12.

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.