International Business Machines Co. (NYSE:IBM) Stock Position Decreased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 5.7% in the 4th quarter, HoldingsChannel reports. The fund owned 175,755 shares of the technology company’s stock after selling 10,680 shares during the quarter. International Business Machines makes up about 2.8% of Van Hulzen Asset Management LLC’s holdings, making the stock its 4th largest holding. Van Hulzen Asset Management LLC’s holdings in International Business Machines were worth $38,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after purchasing an additional 166 shares in the last quarter. Blue Zone Wealth Advisors LLC bought a new position in International Business Machines in the 4th quarter worth $242,000. Brady Martz Wealth Solutions LLC purchased a new stake in International Business Machines in the 4th quarter worth $1,940,000. Tranquilli Financial Advisor LLC bought a new stake in International Business Machines during the fourth quarter valued at about $373,000. Finally, Truist Financial Corp lifted its position in shares of International Business Machines by 6.5% in the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company’s stock valued at $178,296,000 after acquiring an additional 49,591 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $248.15 on Friday. The stock has a 50 day moving average price of $244.23 and a 200-day moving average price of $228.26. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The stock has a market cap of $230.10 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth 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 posted its quarterly earnings data 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 38.99%. Equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.69%. The ex-dividend date was Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IBM shares. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price for the company. 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 report on Thursday, January 30th. Finally, Wedbush began coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $231.44.

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.