International Business Machines Co. (NYSE:IBM) Shares Sold by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC decreased its holdings in International Business Machines Co. (NYSE:IBM) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,198 shares of the technology company’s stock after selling 79 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in International Business Machines were worth $483,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IBM. Strategic Financial Concepts LLC raised its position in shares of International Business Machines by 23,311.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock worth $153,262,000 after purchasing an additional 694,204 shares during the period. Ledyard National Bank increased its stake in International Business Machines by 12.0% in the 4th quarter. Ledyard National Bank now owns 16,032 shares of the technology company’s stock worth $3,524,000 after purchasing an additional 1,724 shares in the last quarter. Consolidated Portfolio Review Corp boosted its holdings in shares of International Business Machines by 797.4% in the fourth quarter. Consolidated Portfolio Review Corp now owns 8,696 shares of the technology company’s stock worth $1,912,000 after buying an additional 7,727 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of International Business Machines in the fourth quarter worth approximately $274,000. Finally, Telos Capital Management Inc. increased its position in shares of International Business Machines by 72.9% in the fourth quarter. Telos Capital Management Inc. now owns 6,280 shares of the technology company’s stock worth $1,381,000 after acquiring an additional 2,647 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on IBM. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Stifel Nicolaus increased their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Bank of America increased their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, UBS Group boosted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $225.53.

International Business Machines Stock Down 3.8 %

IBM opened at $253.30 on Friday. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business has a 50 day moving average price of $228.73 and a 200 day moving average price of $216.19. The firm has a market cap of $234.21 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Research analysts forecast that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. International Business Machines’s dividend payout ratio is presently 104.21%.

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.