Ullmann Wealth Partners Group LLC Acquires 255 Shares of International Business Machines Co. (NYSE:IBM)

Ullmann Wealth Partners Group LLC raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,792 shares of the technology company’s stock after acquiring an additional 255 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in International Business Machines were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in shares of International Business Machines in the fourth quarter worth about $945,000. Pines Wealth Management LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $2,109,000. Accurate Wealth Management LLC lifted its holdings in International Business Machines by 2.2% during the fourth quarter. Accurate Wealth Management LLC now owns 5,160 shares of the technology company’s stock valued at $1,134,000 after purchasing an additional 111 shares in the last quarter. Sovereign Financial Group Inc. boosted its position in shares of International Business Machines by 3.9% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,819 shares of the technology company’s stock worth $1,059,000 after purchasing an additional 182 shares during the period. Finally, Safeguard Financial LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth $310,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.1 %

IBM opened at $222.54 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock’s 50 day moving average price is $222.47 and its 200-day moving average price is $210.23. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The stock has a market cap of $205.77 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 earnings per share. On average, equities analysts forecast that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.00%. International Business Machines’s payout ratio is 97.23%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on IBM shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Sanford C. Bernstein lifted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America upped their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley boosted 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 report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $215.81.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.

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.