Blair William & Co. IL Acquires 2,129 Shares of International Business Machines Co. (NYSE:IBM)

Blair William & Co. IL increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 462,753 shares of the technology company’s stock after buying an additional 2,129 shares during the quarter. Blair William & Co. IL owned 0.05% of International Business Machines worth $101,727,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IBM. Rockbridge Investment Management LCC boosted its stake in shares of International Business Machines by 3.7% in the 4th quarter. Rockbridge Investment Management LCC now owns 1,823 shares of the technology company’s stock valued at $401,000 after purchasing an additional 65 shares in the last quarter. LM Advisors LLC lifted its stake in International Business Machines by 231.7% in the 4th quarter. LM Advisors LLC now owns 8,358 shares of the technology company’s stock valued at $1,837,000 after purchasing an additional 5,838 shares during the last quarter. AssuredPartners Investment Advisors LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $926,000. NEOS Investment Management LLC grew its stake in shares of International Business Machines by 12.1% during the fourth quarter. NEOS Investment Management LLC now owns 48,088 shares of the technology company’s stock worth $10,571,000 after buying an additional 5,176 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in shares of International Business Machines by 0.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 53,888 shares of the technology company’s stock worth $11,846,000 after buying an additional 451 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

International Business Machines Trading Up 0.1 %

NYSE:IBM opened at $250.26 on Thursday. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. 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 stock has a market capitalization of $232.06 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 5.81 and a beta of 0.74. The firm has a fifty day simple moving average of $248.65 and a two-hundred day simple moving average of $230.90.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 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%. Analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Bank of America increased their price objective on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Oppenheimer initiated coverage on International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price for the company. Finally, Morgan Stanley increased their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Two research 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, the company has a consensus rating of “Hold” and an average price target of $231.44.

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.