AIMZ Investment Advisors LLC Sells 198 Shares of International Business Machines Co. (NYSE:IBM)

AIMZ Investment Advisors LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,584 shares of the technology company’s stock after selling 198 shares during the quarter. International Business Machines makes up approximately 1.4% of AIMZ Investment Advisors LLC’s portfolio, making the stock its 24th largest position. AIMZ Investment Advisors LLC’s holdings in International Business Machines were worth $4,085,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. JBR Co Financial Management Inc boosted its holdings in International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 40 shares during the period. Callan Capital LLC raised its position in shares of International Business Machines by 2.4% in the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock valued at $411,000 after buying an additional 44 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in shares of International Business Machines by 0.4% in the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock valued at $2,292,000 after buying an additional 45 shares during the period. First Affirmative Financial Network grew its position in International Business Machines by 1.5% during the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock worth $687,000 after buying an additional 46 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in International Business Machines by 2.0% in the 4th quarter. Waterfront Wealth Inc. now owns 2,393 shares of the technology company’s stock valued at $526,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Wedbush began coverage on International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Trading Down 1.0 %

NYSE:IBM opened at $253.24 on Friday. The firm has a fifty day simple moving average of $237.78 and a 200-day simple moving average of $223.69. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $234.16 billion, a P/E ratio of 39.51, a PEG ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. International Business Machines’s dividend payout ratio is presently 104.21%.

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.