Motive Wealth Advisors Cuts Stock Position in International Business Machines Co. (NYSE:IBM)

Motive Wealth Advisors lowered its holdings in International Business Machines Co. (NYSE:IBM) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,505 shares of the technology company’s stock after selling 54 shares during the period. Motive Wealth Advisors’ holdings in International Business Machines were worth $331,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MFA Wealth Services purchased a new position in International Business Machines in the 4th quarter valued at approximately $529,000. McGlone Suttner Wealth Management Inc. increased its holdings in International Business Machines by 7.6% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 3,271 shares of the technology company’s stock worth $719,000 after purchasing an additional 231 shares during the period. Wells Trecaso Financial Group LLC raised its position in International Business Machines by 1.0% in the 4th quarter. Wells Trecaso Financial Group LLC now owns 45,133 shares of the technology company’s stock valued at $9,922,000 after purchasing an additional 440 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the period. Finally, Montecito Bank & Trust increased its stake in shares of International Business Machines by 8.5% during the fourth quarter. Montecito Bank & Trust now owns 9,559 shares of the technology company’s stock worth $2,101,000 after buying an additional 745 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of IBM opened at $225.63 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The firm has a 50-day simple moving average of $223.60 and a 200-day simple moving average of $211.90. The company has a market capitalization of $208.63 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.20 EPS. On average, equities research analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IBM. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Morgan Stanley upped their price target on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Finally, DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $220.73.

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.