Stratos Wealth Partners LTD. Has $24.28 Million Holdings in International Business Machines Co. (NYSE:IBM)

Stratos Wealth Partners LTD. boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 74.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,444 shares of the technology company’s stock after acquiring an additional 47,266 shares during the period. Stratos Wealth Partners LTD.’s holdings in International Business Machines were worth $24,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Sargent Investment Group LLC increased its holdings in International Business Machines by 5.4% during the 4th quarter. Sargent Investment Group LLC now owns 62,993 shares of the technology company’s stock worth $13,695,000 after purchasing an additional 3,199 shares in the last quarter. Tranquilli Financial Advisor LLC bought a new stake in International Business Machines in the 4th quarter valued at approximately $373,000. James J. Burns & Company LLC bought a new stake in International Business Machines in the 4th quarter valued at approximately $223,000. Newton One Investments LLC bought a new position in shares of International Business Machines during the 4th quarter worth approximately $76,000. Finally, Brown Lisle Cummings Inc. lifted its position in shares of International Business Machines by 5.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 2,989 shares of the technology company’s stock worth $657,000 after purchasing an additional 143 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their price target 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. Jefferies Financial Group upped their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Wedbush started coverage on International Business Machines in a research note on Monday. They issued an “outperform” rating for the company. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $225.53.

International Business Machines Price Performance

Shares of NYSE IBM opened at $264.30 on Wednesday. The business’s 50 day moving average is $227.30 and its 200-day moving average is $215.29. The firm has a market cap of $244.38 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.25. 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 (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping 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%. Equities research analysts predict that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.53%. International Business Machines’s payout ratio is presently 104.21%.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was 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 trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company’s stock.

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.