BOS Asset Management LLC Sells 56 Shares of International Business Machines Co. (NYSE:IBM)

BOS Asset Management LLC trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,928 shares of the technology company’s stock after selling 56 shares during the quarter. BOS Asset Management LLC’s holdings in International Business Machines were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBM. JBR Co Financial Management Inc boosted its stake in shares of 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 last quarter. Schechter Investment Advisors LLC lifted its holdings in International Business Machines by 0.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock valued at $1,396,000 after buying an additional 43 shares during the period. Titleist Asset Management LLC boosted its position in International Business Machines by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock valued at $315,000 after acquiring an additional 43 shares during the last quarter. Callan Capital LLC grew its holdings in International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock worth $411,000 after acquiring an additional 44 shares during the period. Finally, Marks Group Wealth Management Inc raised its position in shares of International Business Machines by 0.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock worth $2,292,000 after acquiring an additional 45 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Down 0.1 %

Shares of IBM stock opened at $238.45 on Friday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The company has a 50-day simple moving average of $247.61 and a two-hundred day simple moving average of $233.49. The company has a market capitalization of $221.10 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 5.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.80%. International Business Machines’s dividend payout ratio is presently 104.21%.

Analysts Set New Price Targets

Several equities research analysts recently commented on IBM shares. Sanford C. Bernstein raised their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $276.00 price objective on shares of International Business Machines in a research note on Monday, April 14th. Jefferies Financial Group cut their target price on shares of International Business Machines from $270.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, BMO Capital Markets increased their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $232.75.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The stock was 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 owns 45,007 shares of the company’s stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by corporate 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.