Good Life Advisors LLC Trims Holdings in International Business Machines Co. (NYSE:IBM)

Good Life Advisors LLC lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 51.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,775 shares of the technology company’s stock after selling 10,419 shares during the period. Good Life Advisors LLC’s holdings in International Business Machines were worth $2,149,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new position in International Business Machines during the 4th quarter valued at about $26,000. Hazlett Burt & Watson Inc. increased its holdings in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC purchased a new position in shares of International Business Machines during the 3rd quarter worth approximately $29,000. Avondale Wealth Management grew its holdings in shares of 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 acquiring an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC grew its holdings in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $262.85 on Wednesday. The business’s fifty day moving average price is $233.32 and its 200-day moving average price is $220.66. The stock has a market capitalization of $243.04 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 5.73 and a beta of 0.76. 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 1-year low of $162.62 and a 1-year high of $265.72.

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 the consensus estimate 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 analysts predict that International Business Machines Co. will post 10.77 earnings per share 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. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.54%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IBM shares. Wedbush started coverage on International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Jefferies Financial Group upped their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Finally, Oppenheimer assumed coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.