International Business Machines Co. (NYSE:IBM) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 711,867 shares of the technology company’s stock after purchasing an additional 11,742 shares during the quarter. Commonwealth Equity Services LLC’s holdings in International Business Machines were worth $156,490,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Pettinga Financial Advisors LLC purchased a new position in shares of International Business Machines in the third quarter valued at $221,000. United Bank boosted its stake in shares of International Business Machines by 53.3% during the third quarter. United Bank now owns 5,628 shares of the technology company’s stock valued at $1,244,000 after acquiring an additional 1,956 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of International Business Machines by 33.0% during the third quarter. Los Angeles Capital Management LLC now owns 15,326 shares of the technology company’s stock valued at $3,388,000 after acquiring an additional 3,801 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of International Business Machines by 12.4% during the third quarter. Harbour Investments Inc. now owns 6,205 shares of the technology company’s stock valued at $1,372,000 after acquiring an additional 686 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in shares of International Business Machines by 89.7% during the third quarter. Aptus Capital Advisors LLC now owns 15,006 shares of the technology company’s stock valued at $3,318,000 after acquiring an additional 7,095 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on IBM shares. Wedbush started coverage on International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. Jefferies Financial Group raised their price target on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $231.44.

International Business Machines Price Performance

Shares of IBM opened at $249.72 on Thursday. The firm has a market cap of $231.56 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 5.81 and a beta of 0.74. The stock has a 50 day moving average of $243.21 and a 200-day moving average of $227.58. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is currently owned by insiders.

International Business Machines Company 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.