D. Scott Neal Inc. Sells 159 Shares of International Business Machines Co. (NYSE:IBM)

D. Scott Neal Inc. lowered its stake in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,494 shares of the technology company’s stock after selling 159 shares during the period. D. Scott Neal Inc.’s holdings in International Business Machines were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in International Business Machines during the third quarter worth about $36,000. McClarren Financial Advisors Inc. acquired a new stake in shares of International Business Machines during the third quarter worth about $38,000. Ten Capital Wealth Advisors LLC raised its position in shares of International Business Machines by 352.5% during the third quarter. Ten Capital Wealth Advisors LLC now owns 362 shares of the technology company’s stock worth $43,000 after purchasing an additional 282 shares during the period. Heritage Wealth Management LLC acquired a new stake in shares of International Business Machines during the second quarter worth about $47,000. Finally, Bray Capital Advisors raised its position in shares of International Business Machines by 33.3% during the third quarter. Bray Capital Advisors now owns 404 shares of the technology company’s stock worth $48,000 after purchasing an additional 101 shares during the period. Institutional investors own 55.90% of the company’s stock.

International Business Machines Stock Down 0.8 %

IBM stock opened at $123.69 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.10. The business has a 50 day moving average price of $134.65 and a two-hundred day moving average price of $135.11. The company has a market cap of $112.20 billion, a price-to-earnings ratio of 70.28, a P/E/G ratio of 3.22 and a beta of 0.85. International Business Machines Co. has a twelve month low of $115.54 and a twelve month high of $153.21.

International Business Machines (NYSE:IBM – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The technology company reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $3.61 by ($0.01). The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.38 billion. International Business Machines had a net margin of 2.71% and a return on equity of 41.24%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.35 earnings per share. Analysts anticipate that International Business Machines Co. will post 9.46 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 10th were paid a $1.65 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $6.60 dividend on an annualized basis and a yield of 5.34%. International Business Machines’s dividend payout ratio is 375.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IBM shares. Morgan Stanley dropped their price target on International Business Machines from $148.00 to $143.00 in a research report on Thursday, January 26th. Citigroup raised their price target on International Business Machines from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, January 26th. StockNews.com started coverage on International Business Machines in a research report on Thursday. They set a “buy” rating on the stock. BMO Capital Markets raised their price target on International Business Machines from $148.00 to $155.00 and gave the stock a “market perform” rating in a research report on Thursday, January 26th. Finally, Edward Jones lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.73.

International Business Machines Profile

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International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other.