ORG Partners LLC Has $2.26 Million Stock Position in International Business Machines Co. (NYSE:IBM)

ORG Partners LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,275 shares of the technology company’s stock after selling 338 shares during the quarter. ORG Partners LLC’s holdings in International Business Machines were worth $2,264,000 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 modified their holdings of the company. Legacy Private Trust Co. lifted its stake in International Business Machines by 2.5% in the 4th quarter. Legacy Private Trust Co. now owns 3,070 shares of the technology company’s stock valued at $675,000 after purchasing an additional 75 shares during the last quarter. First Hawaiian Bank lifted its position in shares of International Business Machines by 6.7% in the fourth quarter. First Hawaiian Bank now owns 15,722 shares of the technology company’s stock valued at $3,456,000 after buying an additional 985 shares during the last quarter. InvesTrust bought a new position in shares of International Business Machines during the 4th quarter worth approximately $7,851,000. Range Financial Group LLC increased its holdings in shares of International Business Machines by 145.9% during the 4th quarter. Range Financial Group LLC now owns 7,307 shares of the technology company’s stock worth $1,606,000 after acquiring an additional 4,336 shares during the last quarter. Finally, Spartan Planning & Wealth Management acquired a new stake in International Business Machines during the 4th quarter valued at $371,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM traded down $3.62 on Friday, hitting $219.56. 446,689 shares of the company’s stock were exchanged, compared to its average volume of 2,599,268. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 52 week low of $160.29 and a 52 week high of $239.35. The stock has a market cap of $203.02 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 5.18 and a beta of 0.74. The stock has a 50-day moving average of $221.70 and a 200-day moving average of $208.69.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share 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 firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter last year, the business posted $2.20 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s payout ratio is currently 97.23%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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. Bank of America raised 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. Morgan Stanley increased their target price on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a 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 $214.88.

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.