HighTower Advisors LLC Has $420.44 Million Stock Holdings in International Business Machines Corporation $IBM

HighTower Advisors LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,419,413 shares of the technology company’s stock after buying an additional 51,727 shares during the quarter. HighTower Advisors LLC’s holdings in International Business Machines were worth $420,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Family CFO Inc acquired a new stake in International Business Machines during the 4th quarter worth about $25,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines in the 4th quarter valued at about $28,000. SWAN Capital LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at about $28,000. DecisionPoint Financial LLC lifted its position in shares of International Business Machines by 1,666.7% in the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of International Business Machines during the fourth quarter worth approximately $31,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IBM shares. Royal Bank Of Canada lowered their price objective on shares of International Business Machines from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price for the company in a research note on Friday, April 24th. BMO Capital Markets lowered their price target on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Evercore upped their price target on shares of International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.41.

Insider Buying and Selling

In other International Business Machines news, Director Michael Miebach bought 434 shares of the stock in a transaction on Wednesday, February 25th. The shares were purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the completion of the transaction, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by insiders.

International Business Machines Price Performance

Shares of IBM opened at $222.84 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market cap of $209.45 billion, a PE ratio of 19.70, a PEG ratio of 2.27 and a beta of 0.58. The firm’s 50 day moving average price is $239.81 and its 200 day moving average price is $274.15. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $324.90.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts expect that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a $1.69 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, May 8th. International Business Machines’s dividend payout ratio is currently 59.77%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.