International Business Machines Co. (NYSE:IBM) Shares Sold by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,281 shares of the technology company’s stock after selling 363 shares during the period. 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 and Exchange Commission.

Several other hedge funds also recently made changes to their positions in IBM. Natixis Advisors L.P. raised its holdings in International Business Machines by 18.1% during the 3rd 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 period. Herold Advisors Inc. raised its holdings in shares of International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after acquiring an additional 688 shares during the period. Mizuho Securities Co. Ltd. purchased a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $661,000. Silicon Valley Capital Partners boosted its stake in International Business Machines by 33.6% in the 3rd quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock worth $4,524,000 after purchasing an additional 8,117 shares during the period. Finally, Waverly Advisors LLC raised its stake in International Business Machines by 48.1% during the 3rd 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 and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. BMO Capital Markets upped their target price on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Jefferies Financial Group initiated coverage on shares of International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 price target for the company. Stifel Nicolaus increased their target price on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Bank of America boosted their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $176.85.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $0.16 during trading on Thursday, reaching $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 capitalization of $175.06 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 3.69 and a beta of 0.70. The stock has a fifty day simple moving average of $186.79 and a two-hundred day simple moving average of $164.17. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last released its earnings results 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 return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the firm posted $3.60 EPS. The company’s revenue was up 4.1% on a year-over-year basis. As a group, analysts anticipate 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. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.48%. International Business Machines’s dividend payout ratio (DPR) 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.