Edmond DE Rothschild Holding S.A. Sells 6,573 Shares of International Business Machines Co. (NYSE:IBM)

Edmond DE Rothschild Holding S.A. reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 15.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 36,329 shares of the technology company’s stock after selling 6,573 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in International Business Machines were worth $7,986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the 4th quarter valued at $26,000. Vision Financial Markets LLC acquired a new stake in International Business Machines in the fourth quarter worth about $31,000. Avondale Wealth Management raised its holdings in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 56 shares during the last quarter. Valued Wealth Advisors LLC lifted its position in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in shares of International Business Machines in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $249.19 on Tuesday. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. The company has a 50 day simple moving average of $249.99 and a two-hundred day simple moving average of $231.88. The company has a market capitalization of $231.06 billion, a PE ratio of 38.87, a P/E/G ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM) last issued its 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%. Research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.68%. International Business Machines’s payout ratio is presently 104.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on IBM shares. Bank of America boosted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley upped their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Sanford C. Bernstein upped their price objective on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average target price of $231.13.

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.