Nottingham Advisors Inc. Sells 876 Shares of International Business Machines Co. (NYSE:IBM)

Nottingham Advisors Inc. cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 34.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,702 shares of the technology company’s stock after selling 876 shares during the period. Nottingham Advisors Inc.’s holdings in International Business Machines were worth $278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Avion Wealth increased its stake in shares of International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares during the last quarter. Financial Security Advisor Inc. grew its position in shares of International Business Machines by 2.7% during the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after purchasing an additional 61 shares in the last quarter. Cornerstone Wealth Group LLC grew its position in shares of International Business Machines by 3.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 1,734 shares of the technology company’s stock worth $284,000 after purchasing an additional 61 shares in the last quarter. Webster Bank N. A. lifted its holdings in shares of International Business Machines by 0.9% during the 4th quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock worth $1,166,000 after acquiring an additional 62 shares during the period. Finally, Thrive Wealth Management LLC lifted its holdings in shares of International Business Machines by 0.9% during the 4th quarter. Thrive Wealth Management LLC now owns 7,311 shares of the technology company’s stock worth $1,196,000 after acquiring an additional 64 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 2.0 %

Shares of IBM traded down $3.63 during mid-day trading on Friday, reaching $182.27. The company’s stock had a trading volume of 3,547,378 shares, compared to its average volume of 3,623,920. The stock has a market cap of $167.09 billion, a PE ratio of 22.42, a P/E/G ratio of 3.64 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company’s fifty day moving average price is $188.66 and its two-hundred day moving average price is $167.51.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the business posted $3.60 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.64%. International Business Machines’s dividend payout ratio is currently 81.67%.

Analysts Set New Price Targets

Several brokerages recently commented on IBM. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America increased their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets raised their price target on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Sanford C. Bernstein raised their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, Societe Generale restated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $176.85.

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.