DT Investment Partners LLC Sells 334 Shares of International Business Machines Co. (NYSE:IBM)

DT Investment Partners LLC reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,878 shares of the technology company’s stock after selling 334 shares during the quarter. DT Investment Partners LLC’s holdings in International Business Machines were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of IBM. Creative Planning lifted its holdings in International Business Machines by 5.1% during the third quarter. Creative Planning now owns 300,740 shares of the technology company’s stock worth $66,488,000 after acquiring an additional 14,677 shares during the period. Regatta Capital Group LLC bought a new stake in International Business Machines during the third quarter worth $213,000. Foster Victor Wealth Advisors LLC lifted its holdings in International Business Machines by 5.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 2,061 shares of the technology company’s stock worth $483,000 after acquiring an additional 100 shares during the period. Wolff Wiese Magana LLC lifted its holdings in International Business Machines by 109.9% during the third quarter. Wolff Wiese Magana LLC now owns 466 shares of the technology company’s stock worth $103,000 after acquiring an additional 244 shares during the period. Finally, Twelve Points Wealth Management LLC lifted its holdings in International Business Machines by 9.6% during the third quarter. Twelve Points Wealth Management LLC now owns 12,279 shares of the technology company’s stock worth $2,715,000 after acquiring an additional 1,076 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

NYSE:IBM opened at $259.07 on Friday. 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 Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The firm has a market cap of $239.55 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 5.57 and a beta of 0.76. The business’s fifty day moving average is $231.15 and its 200 day moving average is $218.49.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. Research analysts predict that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IBM. Oppenheimer began coverage on International Business Machines in a research note on Tuesday. They issued an “outperform” rating and a $320.00 target price on the stock. UBS Group boosted their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Sanford C. Bernstein boosted their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.