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

Atticus Wealth Management LLC lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 33.6% during the fourth quarter, HoldingsChannel reports. The firm owned 452 shares of the technology company’s stock after selling 229 shares during the quarter. Atticus Wealth Management LLC’s holdings in International Business Machines were worth $99,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. KBC Group NV grew its stake in shares of International Business Machines by 90.4% during the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock valued at $370,909,000 after buying an additional 800,930 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of International Business Machines in the 4th quarter worth about $2,303,000. Apexium Financial LP grew its holdings in shares of International Business Machines by 95.8% during the 4th quarter. Apexium Financial LP now owns 8,771 shares of the technology company’s stock worth $1,928,000 after purchasing an additional 4,292 shares during the period. Capital Asset Advisory Services LLC increased its position in International Business Machines by 6.0% during the 4th quarter. Capital Asset Advisory Services LLC now owns 8,517 shares of the technology company’s stock worth $1,896,000 after purchasing an additional 484 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in International Business Machines by 26.7% in the fourth quarter. Blue Trust Inc. now owns 23,174 shares of the technology company’s stock valued at $5,123,000 after buying an additional 4,885 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $224.69 on Monday. The stock has a market capitalization of $207.75 billion, a P/E ratio of 32.71, a P/E/G ratio of 4.78 and a beta of 0.74. The firm’s 50-day moving average price is $224.33 and its two-hundred day moving average price is $212.57. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. BMO Capital Markets increased their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. Finally, Morgan Stanley lifted their target price on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $220.73.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by insiders.

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.