International Business Machines Co. (NYSE:IBM) Shares Sold by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 11.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 580 shares of the technology company’s stock after selling 77 shares during the quarter. Wetzel Investment Advisors Inc.’s holdings in International Business Machines were worth $111,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mosley Wealth Management purchased a new position in shares of International Business Machines in the 4th quarter valued at $312,000. Hodges Capital Management Inc. raised its position in International Business Machines by 60.8% in the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock valued at $3,921,000 after purchasing an additional 7,768 shares during the period. Burns J W & Co. Inc. NY lifted its stake in shares of International Business Machines by 10.8% during the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock worth $491,000 after purchasing an additional 250 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of International Business Machines in the fourth quarter worth about $3,017,000. Finally, Westwood Holdings Group Inc. grew its stake in shares of International Business Machines by 19.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 115,321 shares of the technology company’s stock valued at $18,861,000 after buying an additional 19,175 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. UBS Group boosted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group assumed coverage on shares of International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price target for the company. BMO Capital Markets boosted their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group raised their target price on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $185.93.

International Business Machines Stock Up 0.9 %

Shares of International Business Machines stock opened at $205.32 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a 50-day moving average price of $190.65 and a 200 day moving average price of $182.80. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $205.95. The firm has a market cap of $189.13 billion, a P/E ratio of 23.25, a P/E/G ratio of 4.47 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 EPS. On average, sell-side analysts forecast that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

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.