Fifth Third Wealth Advisors LLC Sells 284 Shares of International Business Machines Co. (NYSE:IBM)

Fifth Third Wealth Advisors LLC lowered its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,085 shares of the technology company’s stock after selling 284 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in International Business Machines were worth $3,096,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IBM. Brown Brothers Harriman & Co. boosted its stake in shares of International Business Machines by 12.2% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 43,394 shares of the technology company’s stock worth $7,505,000 after purchasing an additional 4,705 shares during the period. Massachusetts Financial Services Co. MA grew its stake in International Business Machines by 13.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock worth $13,350,000 after purchasing an additional 9,155 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in International Business Machines by 4.0% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 24,331 shares of the technology company’s stock worth $4,210,000 after purchasing an additional 931 shares during the period. One Capital Management LLC raised its position in International Business Machines by 44.7% during the 2nd quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock valued at $502,000 after purchasing an additional 898 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in shares of International Business Machines by 12.5% during the second quarter. Citizens Financial Group Inc. RI now owns 14,513 shares of the technology company’s stock valued at $2,510,000 after buying an additional 1,612 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on IBM shares. Stifel Nicolaus increased their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. BMO Capital Markets increased their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Bank of America lifted their target price on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $215.81.

International Business Machines Trading Up 0.1 %

IBM stock opened at $217.54 on Wednesday. The firm has a market cap of $201.15 billion, a P/E ratio of 31.67, a PEG ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company’s 50-day simple moving average is $222.34 and its 200-day simple moving average is $210.16.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. As a group, equities analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.07%. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.

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.