International Business Machines Co. (NYSE:IBM) Shares Purchased by Cassady Schiller Wealth Management LLC

Cassady Schiller Wealth Management LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674 shares of the technology company’s stock after acquiring an additional 47 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in International Business Machines were worth $148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in International Business Machines by 18.0% during the 4th quarter. Signaturefd LLC now owns 23,050 shares of the technology company’s stock worth $5,067,000 after acquiring an additional 3,524 shares in the last quarter. Cibc World Markets Corp raised its stake in International Business Machines by 6.5% during the 4th quarter. Cibc World Markets Corp now owns 287,158 shares of the technology company’s stock worth $63,126,000 after acquiring an additional 17,648 shares in the last quarter. Gray Wealth Management Inc. raised its stake in International Business Machines by 17.3% during the 4th quarter. Gray Wealth Management Inc. now owns 2,119 shares of the technology company’s stock worth $466,000 after acquiring an additional 313 shares in the last quarter. IMG Wealth Management Inc. acquired a new stake in International Business Machines during the 4th quarter worth $218,000. Finally, SlateStone Wealth LLC raised its stake in International Business Machines by 1.9% during the 4th quarter. SlateStone Wealth LLC now owns 11,001 shares of the technology company’s stock worth $2,418,000 after acquiring an additional 202 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. Wedbush initiated coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. 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 Monday, January 27th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein upped their target price 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. Finally, Morgan Stanley upped their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average target price of $231.44.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is currently owned by company insiders.

International Business Machines Trading Up 1.0 %

Shares of IBM opened at $248.15 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm’s 50-day moving average is $244.23 and its two-hundred day moving average is $228.47. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45. The firm has a market capitalization of $230.10 billion, a P/E ratio of 38.71, a PEG ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its earnings results 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 net margin of 9.60% and a return on equity of 38.99%. On average, research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.69%. International Business Machines’s payout ratio is currently 104.21%.

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.