International Business Machines Co. (NYSE:IBM) Shares Bought by Global Wealth Strategies & Associates

Global Wealth Strategies & Associates grew its position in shares of International Business Machines Co. (NYSE:IBM) by 10.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,245 shares of the technology company’s stock after purchasing an additional 113 shares during the quarter. Global Wealth Strategies & Associates’ holdings in International Business Machines were worth $274,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. lifted its stake in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC acquired a new stake in shares of International Business Machines in the third quarter worth approximately $29,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the second quarter valued at approximately $36,000. Capital Performance Advisors LLP purchased a new stake in International Business Machines during the 3rd quarter worth $43,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in International Business Machines by 47.2% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company’s stock worth $53,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock traded down $1.36 on Thursday, hitting $218.47. 1,197,896 shares of the company’s stock traded hands, compared to its average volume of 4,209,730. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a market cap of $202.01 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 5.18 and a beta of 0.73. International Business Machines Co. has a 1-year low of $157.88 and a 1-year high of $239.35. The stock has a fifty day moving average of $220.34 and a 200-day moving average of $206.80.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the firm posted $2.20 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s payout ratio 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 company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. UBS Group increased their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Morgan Stanley lifted their price target on shares of 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. Stifel Nicolaus increased their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Bernstein Bank upped their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $208.94.

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.