Visionary Wealth Advisors Sells 93 Shares of International Business Machines Co. (NYSE:IBM)

Visionary Wealth Advisors trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,567 shares of the technology company’s stock after selling 93 shares during the quarter. Visionary Wealth Advisors’ holdings in International Business Machines were worth $564,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in International Business Machines during the 4th quarter worth about $26,000. Vision Financial Markets LLC bought a new stake in shares of International Business Machines during the fourth quarter worth approximately $31,000. Valued Wealth Advisors LLC lifted its holdings in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after buying an additional 90 shares during the period. Rialto Wealth Management LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $35,000. Finally, Tacita Capital Inc grew its holdings in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after acquiring an additional 122 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 0.6%

NYSE:IBM opened at $266.76 on Wednesday. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $269.28. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a market cap of $247.93 billion, a price-to-earnings ratio of 41.62, a PEG ratio of 5.81 and a beta of 0.64. The stock has a 50-day moving average price of $244.53 and a two-hundred day moving average price of $237.32.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The company’s revenue was up .5% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.52%. International Business Machines’s dividend payout ratio is currently 115.66%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBM. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective for the company. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of International Business Machines in a research note on Wednesday, May 7th. Finally, Bank of America lifted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $249.06.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.