Laird Norton Wetherby Wealth Management LLC Has $3.82 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Laird Norton Wetherby Wealth Management LLC reduced its position in shares of International Business Machines Co. (NYSE:IBM) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,369 shares of the technology company’s stock after selling 702 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in International Business Machines were worth $3,818,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lighthouse Investment Partners LLC acquired a new position in International Business Machines during the fourth quarter worth $1,539,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth about $348,000. J. Goldman & Co LP raised its stake in shares of International Business Machines by 146.0% in the fourth quarter. J. Goldman & Co LP now owns 11,778 shares of the technology company’s stock worth $2,589,000 after purchasing an additional 6,991 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in International Business Machines in the 4th quarter valued at $5,819,000. Finally, Jefferies Financial Group Inc. raised its holdings in shares of International Business Machines by 53.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 40,798 shares of the technology company’s stock valued at $8,969,000 after purchasing an additional 14,207 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on IBM. Morgan Stanley lowered their target price on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. KGI Securities set a $242.00 price target on International Business Machines and gave the company a “hold” rating in a research report on Thursday, April 24th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $248.50.

International Business Machines Price Performance

IBM opened at $249.32 on Monday. International Business Machines Co. has a twelve month low of $163.53 and a twelve month high of $266.45. The company has a market capitalization of $231.72 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 5.81 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a 50-day moving average price of $243.01 and a 200-day moving average price of $234.91.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. Equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.70%. International Business Machines’s payout ratio is 115.66%.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

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.