International Business Machines Co. (NYSE:IBM) Stock Holdings Lessened by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,780 shares of the technology company’s stock after selling 701 shares during the period. International Business Machines comprises approximately 1.5% of Alpha Omega Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Alpha Omega Wealth Management LLC’s holdings in International Business Machines were worth $9,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBM. Moneta Group Investment Advisors LLC lifted its holdings in International Business Machines by 98,797.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after purchasing an additional 11,017,849 shares in the last quarter. Norges Bank purchased a new position in International Business Machines in the 4th quarter valued at $876,014,000. Morgan Stanley lifted its holdings in International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in International Business Machines by 15,439.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of International Business Machines by 35.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after acquiring an additional 1,163,790 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 1.4 %

NYSE IBM traded up $2.50 during trading on Wednesday, hitting $183.75. The stock had a trading volume of 4,473,654 shares, compared to its average volume of 3,265,758. The company has a market capitalization of $168.45 billion, a PE ratio of 22.60, a PEG ratio of 3.55 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The firm has a 50 day moving average price of $188.63 and a 200 day moving average price of $168.44. 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 released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 EPS. As a group, equities research analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is presently 81.67%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IBM shares. Royal Bank of Canada lifted their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Stifel Nicolaus lifted their price target on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Bank of America lifted their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. BMO Capital Markets lifted their price target on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Societe Generale reissued a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $178.08.

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.