BOK Financial Private Wealth Inc. Sells 784 Shares of International Business Machines Co. (NYSE:IBM)

BOK Financial Private Wealth Inc. reduced its position in International Business Machines Co. (NYSE:IBM) by 36.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,349 shares of the technology company’s stock after selling 784 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in International Business Machines were worth $297,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of IBM. JBR Co Financial Management Inc lifted its position in shares of International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 40 shares during the period. Schechter Investment Advisors LLC lifted its position in shares of International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock valued at $1,396,000 after acquiring an additional 43 shares during the period. Callan Capital LLC lifted its position in shares of International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock valued at $411,000 after acquiring an additional 44 shares during the period. Marks Group Wealth Management Inc lifted its position in shares of International Business Machines by 0.4% during the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock valued at $2,292,000 after acquiring an additional 45 shares during the period. Finally, First Affirmative Financial Network lifted its position in shares of International Business Machines by 1.5% during the 4th quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock valued at $687,000 after acquiring an additional 46 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

NYSE IBM opened at $261.67 on Monday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm has a market cap of $242.63 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 5.81 and a beta of 0.74. The company has a fifty day moving average price of $241.29 and a 200-day moving average price of $226.62.

International Business Machines (NYSE:IBM) last posted its earnings results 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%. As a group, equities research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared 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 yield of 2.55%. International Business Machines’s payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IBM. Morgan Stanley boosted their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price on the stock. BMO Capital Markets boosted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Wedbush assumed coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein upped their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $231.44.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 owns 45,007 shares in the company, valued at approximately $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 can be accessed through this link. 0.07% of the stock is owned by company insiders.

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.