Mine & Arao Wealth Creation & Management LLC. Sells 100 Shares of International Business Machines Co. (NYSE:IBM)

Mine & Arao Wealth Creation & Management LLC. decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,400 shares of the technology company’s stock after selling 100 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in International Business Machines were worth $308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FSA Advisors Inc. acquired a new position in International Business Machines during the fourth quarter worth $324,000. Gilbert & Cook Inc. lifted its stake in International Business Machines by 6.2% in the 4th quarter. Gilbert & Cook Inc. now owns 3,834 shares of the technology company’s stock valued at $843,000 after purchasing an additional 225 shares during the last quarter. RVW Wealth LLC lifted its holdings in shares of International Business Machines by 15.0% during the fourth quarter. RVW Wealth LLC now owns 1,164 shares of the technology company’s stock worth $256,000 after buying an additional 152 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of International Business Machines in the fourth quarter valued at about $293,000. Finally, OLD National Bancorp IN grew its position in shares of International Business Machines by 0.4% during the 4th quarter. OLD National Bancorp IN now owns 12,903 shares of the technology company’s stock worth $2,836,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $258.22 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a market cap of $238.76 billion, a PE ratio of 40.28, a price-to-earnings-growth ratio of 4.25 and a beta of 0.74. The stock’s fifty day simple moving average is $225.24 and its two-hundred day simple moving average is $213.55. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $261.80.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 40.37%. As a group, analysts forecast that International Business Machines Co. will post 10.54 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated 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 directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IBM shares. UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday. Bernstein Bank boosted their target price on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Bank of America raised their price objective on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday. Finally, BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $225.53.

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.