Astoria Portfolio Advisors LLC. Reduces Stake in International Business Machines Co. (NYSE:IBM)

Astoria Portfolio Advisors LLC. cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,941 shares of the technology company’s stock after selling 75 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in International Business Machines were worth $640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Kera Capital Partners Inc. bought a new position in International Business Machines in the 4th quarter worth $6,195,000. Smith Salley Wealth Management increased its position in shares of International Business Machines by 1.3% during the fourth quarter. Smith Salley Wealth Management now owns 9,294 shares of the technology company’s stock valued at $2,043,000 after buying an additional 121 shares during the period. HB Wealth Management LLC raised its stake in International Business Machines by 2.5% in the fourth quarter. HB Wealth Management LLC now owns 69,873 shares of the technology company’s stock worth $15,360,000 after buying an additional 1,719 shares in the last quarter. Gill Capital Partners LLC lifted its holdings in International Business Machines by 27.6% in the fourth quarter. Gill Capital Partners LLC now owns 1,386 shares of the technology company’s stock worth $305,000 after buying an additional 300 shares during the period. Finally, GoalFusion Wealth Management LLC boosted its position in International Business Machines by 9.6% during the 4th quarter. GoalFusion Wealth Management LLC now owns 1,537 shares of the technology company’s stock valued at $338,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.9 %

NYSE:IBM opened at $224.73 on Friday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The stock has a market cap of $207.80 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. The company’s 50 day moving average price is $222.87 and its 200-day moving average price is $210.66. 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 (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. On average, equities research analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Insider Buying and Selling at International Business Machines

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IBM shares. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Bernstein Bank increased their price objective on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Bank of America increased their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Sanford C. Bernstein boosted their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and a consensus target price of $215.81.

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.