International Business Machines Co. (NYSE:IBM) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,271 shares of the technology company's stock after selling 2,374 shares during the quarter. International Business Machines comprises 0.6% of B. Riley Wealth Advisors Inc.'s holdings, making the stock its 24th largest position. B. Riley Wealth Advisors Inc.'s holdings in International Business Machines were worth $17,646,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new stake in International Business Machines during the fourth quarter worth about $26,000. Vision Financial Markets LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $31,000. Valued Wealth Advisors LLC boosted its position in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the period. Rialto Wealth Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at approximately $35,000. Finally, Tacita Capital Inc raised its position in International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on IBM. Oppenheimer started coverage on shares of International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price on the stock. Bank of America upped their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. UBS Group reiterated a "sell" rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Morgan Stanley lowered their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $249.06.

International Business Machines Price Performance

Shares of NYSE IBM traded up $4.54 during trading on Tuesday, reaching $263.17. The company had a trading volume of 3,281,641 shares, compared to its average volume of 4,211,353. 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 stock has a market capitalization of $244.59 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a twelve month low of $163.53 and a twelve month high of $269.28. The stock has a 50-day moving average price of $245.26 and a two-hundred day moving average price of $238.85.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the firm posted $1.68 earnings per share. The business's quarterly revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.55%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by insiders.

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.