Hilltop Wealth Advisors LLC Has $2.27 Million Holdings in International Business Machines Co. (NYSE:IBM)

Hilltop Wealth Advisors LLC reduced its stake in International Business Machines Co. (NYSE:IBM) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,302 shares of the technology company’s stock after selling 237 shares during the period. International Business Machines makes up approximately 1.1% of Hilltop Wealth Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Hilltop Wealth Advisors LLC’s holdings in International Business Machines were worth $2,265,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IBM. Hazlett Burt & Watson Inc. lifted its holdings in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC bought a new stake in International Business Machines during the third quarter worth $29,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of International Business Machines in the 2nd quarter valued at $36,000. Modus Advisors LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at $40,000. Finally, Capital Performance Advisors LLP bought a new position in shares of International Business Machines in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.8 %

International Business Machines stock traded down $1.76 during mid-day trading on Wednesday, hitting $222.20. 953,529 shares of the stock were exchanged, compared to its average volume of 2,699,258. The firm’s fifty day simple moving average is $221.01 and its two-hundred day simple moving average is $208.49. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12 month low of $159.51 and a 12 month high of $239.35. The stock has a market capitalization of $205.46 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the prior year, the firm posted $2.20 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.01%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on IBM shares. The Goldman Sachs Group raised their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. BMO Capital Markets raised their price target on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Bank of America upped their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $214.88.

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.