Avior Wealth Management LLC Sells 1,877 Shares of International Business Machines Co. (NYSE:IBM)

Avior Wealth Management LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 20.6% in the 4th quarter, Holdings Channel reports. The firm owned 7,217 shares of the technology company’s stock after selling 1,877 shares during the quarter. Avior Wealth Management LLC’s holdings in International Business Machines were worth $1,177,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Desjardins Global Asset Management Inc. increased its holdings in International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after acquiring an additional 54 shares during the last quarter. Avion Wealth increased its stake in shares of International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares in the last quarter. Financial Security Advisor Inc. lifted its stake 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 valued at $384,000 after buying an additional 61 shares in the last quarter. Cornerstone Wealth Group LLC lifted its stake 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 valued at $284,000 after buying an additional 61 shares in the last quarter. Finally, Webster Bank N. A. boosted its holdings in International Business Machines by 0.9% in the 4th quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock worth $1,166,000 after buying an additional 62 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IBM. Jefferies Financial Group began coverage on International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 target price on the stock. Stifel Nicolaus increased their price objective on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada raised their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. BMO Capital Markets upped their price target on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Sanford C. Bernstein raised their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $178.08.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $183.75 on Wednesday. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market capitalization of $168.45 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 3.55 and a beta of 0.70. The company’s fifty day moving average price is $188.63 and its 200-day moving average price is $168.44.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

About International Business Machines

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.