Brown Miller Wealth Management LLC Reduces Stake in International Business Machines Co. (NYSE:IBM)

Brown Miller Wealth Management LLC lowered its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 12,281 shares of the technology company’s stock after selling 363 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in International Business Machines were worth $2,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Natixis Advisors L.P. increased its position in International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after buying an additional 57,170 shares during the last quarter. Herold Advisors Inc. increased its holdings in International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after acquiring an additional 688 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in International Business Machines in the 3rd quarter valued at about $661,000. Silicon Valley Capital Partners lifted its holdings in International Business Machines by 33.6% during the third quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock valued at $4,524,000 after purchasing an additional 8,117 shares during the last quarter. Finally, Waverly Advisors LLC raised its position in shares of International Business Machines by 48.1% in the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock valued at $2,763,000 after purchasing an additional 6,397 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IBM shares. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a report on Friday, January 19th. Royal Bank of Canada increased their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Societe Generale reaffirmed a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Finally, Stifel Nicolaus boosted their target price on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $176.85.

International Business Machines Trading Up 0.1 %

Shares of NYSE IBM traded up $0.16 during mid-day trading on Thursday, hitting $190.96. The stock had a trading volume of 3,686,855 shares, compared to its average volume of 5,222,239. The firm has a market cap of $175.06 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 3.69 and a beta of 0.70. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The business has a 50 day moving average price of $186.79 and a two-hundred day moving average price of $164.17.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (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 business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same period in the previous year, the firm earned $3.60 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is 81.67%.

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.