Grant Private Wealth Management Inc Sells 1,742 Shares of International Business Machines Corporation $IBM

Grant Private Wealth Management Inc lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 43.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,297 shares of the technology company’s stock after selling 1,742 shares during the quarter. Grant Private Wealth Management Inc’s holdings in International Business Machines were worth $648,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IBM. Family CFO Inc bought a new position in shares of International Business Machines during the 2nd quarter valued at $25,000. Winnow Wealth LLC bought a new stake in International Business Machines in the second quarter worth $27,000. Highline Wealth Partners LLC increased its position in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the last quarter. Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, Copia Wealth Management lifted its position in shares of International Business Machines by 57.6% in the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after buying an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on IBM shares. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Bank of America lifted their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Friday, December 5th. Finally, UBS Group reiterated a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

International Business Machines Stock Performance

NYSE IBM opened at $303.44 on Wednesday. The company’s fifty day moving average is $300.05 and its two-hundred day moving average is $278.99. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market capitalization of $283.63 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 3.07 and a beta of 0.69.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

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.