Nichols & Pratt Advisers LLP MA Sells 200 Shares of International Business Machines Co. (NYSE:IBM)

Nichols & Pratt Advisers LLP MA decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,958 shares of the technology company’s stock after selling 200 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in International Business Machines were worth $1,749,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Holocene Advisors LP acquired a new stake in International Business Machines in the third quarter valued at approximately $573,306,000. State Street Corp raised its stake in shares of International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock valued at $12,307,940,000 after acquiring an additional 1,200,803 shares during the last quarter. KBC Group NV raised its stake in shares of International Business Machines by 90.4% during the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock valued at $370,909,000 after acquiring an additional 800,930 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of International Business Machines by 23,311.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock valued at $153,262,000 after acquiring an additional 694,204 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of International Business Machines by 39,801.6% during the fourth quarter. Proficio Capital Partners LLC now owns 590,543 shares of the technology company’s stock valued at $129,819,000 after acquiring an additional 589,063 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $252.63 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The stock has a market cap of $234.25 billion, a PE ratio of 39.41, a P/E/G ratio of 5.81 and a beta of 0.76. The firm has a 50 day simple moving average of $238.37 and a two-hundred day simple moving average of $224.13.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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 38.99%. On average, analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.64%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analyst Upgrades and Downgrades

IBM has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Oppenheimer began coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average price target of $231.44.

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.