International Business Machines Co. (NYSE:IBM) Shares Purchased by Biltmore Family Office LLC

Biltmore Family Office LLC increased its stake in International Business Machines Co. (NYSE:IBM) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,536 shares of the technology company’s stock after buying an additional 333 shares during the quarter. Biltmore Family Office LLC’s holdings in International Business Machines were worth $1,437,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Compass Financial Services Inc acquired a new position in shares of International Business Machines in the 4th quarter valued at approximately $26,000. Vision Financial Markets LLC acquired a new position in International Business Machines during the 4th quarter valued at about $31,000. Avondale Wealth Management grew its holdings in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity

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

International Business Machines Trading Down 0.2 %

Shares of International Business Machines stock opened at $249.90 on Thursday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The company has a market capitalization of $231.72 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 5.81 and a beta of 0.74. The business has a fifty day simple moving average of $251.05 and a two-hundred day simple moving average of $232.26. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

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

International Business Machines Dividend Announcement

The company also recently announced 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. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IBM shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Wedbush initiated coverage on International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Finally, StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $231.13.

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.