International Business Machines Co. (NYSE:IBM) Stock Position Lessened by Gen Wealth Partners Inc

Gen Wealth Partners Inc reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,326 shares of the technology company’s stock after selling 215 shares during the quarter. International Business Machines comprises about 1.0% of Gen Wealth Partners Inc’s investment portfolio, making the stock its 14th largest holding. Gen Wealth Partners Inc’s holdings in International Business Machines were worth $2,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Compass Financial Services Inc acquired a new stake in International Business Machines in the 4th quarter valued at about $26,000. Vision Financial Markets LLC acquired a new stake in International Business Machines during the fourth quarter valued at approximately $31,000. Avondale Wealth Management boosted its holdings in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares in the last quarter. Valued Wealth Advisors LLC grew its position in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of International Business Machines in the fourth quarter valued at $35,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IBM. UBS Group reaffirmed a “sell” rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a “hold” rating in a report on Thursday, April 24th. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of International Business Machines in a research note on Wednesday. Finally, Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $248.50.

International Business Machines Stock Performance

IBM stock opened at $249.32 on Friday. The company has a market capitalization of $231.72 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 5.81 and a beta of 0.64. The firm has a 50 day moving average of $243.01 and a two-hundred day moving average of $234.78. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $163.53 and a 12 month high of $266.45.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.70%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the 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 owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

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.