Addison Advisors LLC Sells 196 Shares of International Business Machines Co. (NYSE:IBM)

Addison Advisors LLC reduced its holdings in International Business Machines Co. (NYSE:IBM) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,951 shares of the technology company’s stock after selling 196 shares during the quarter. Addison Advisors LLC’s holdings in International Business Machines were worth $1,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BankPlus Trust Department bought a new stake in International Business Machines during the fourth quarter worth $127,000. Rothschild Investment LLC grew its holdings in International Business Machines by 1.1% during the fourth quarter. Rothschild Investment LLC now owns 21,662 shares of the technology company’s stock worth $4,762,000 after buying an additional 241 shares in the last quarter. Wealthstream Advisors Inc. grew its holdings in International Business Machines by 12.1% during the fourth quarter. Wealthstream Advisors Inc. now owns 2,823 shares of the technology company’s stock worth $620,000 after buying an additional 304 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in International Business Machines by 3.4% during the fourth quarter. Crestwood Advisors Group LLC now owns 22,865 shares of the technology company’s stock worth $5,026,000 after buying an additional 749 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in International Business Machines by 7.7% during the fourth quarter. IFP Advisors Inc now owns 23,254 shares of the technology company’s stock worth $5,113,000 after buying an additional 1,670 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IBM shares. UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Bank of America boosted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Morgan Stanley boosted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Up 0.2 %

Shares of NYSE IBM opened at $262.12 on Tuesday. International Business Machines Co. has a one year low of $162.62 and a one 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 business’s fifty day moving average price is $235.92 and its 200-day moving average price is $222.79. The stock has a market capitalization of $242.37 billion, a PE ratio of 40.89, a P/E/G ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

About International Business Machines

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.