Private Portfolio Partners LLC Has $1.21 Million Stake in International Business Machines Co. (NYSE:IBM)

Private Portfolio Partners LLC reduced its holdings in International Business Machines Co. (NYSE:IBM) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,498 shares of the technology company’s stock after selling 239 shares during the period. Private Portfolio Partners LLC’s holdings in International Business Machines were worth $1,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBM. United Bank increased its holdings in International Business Machines by 53.3% in the third quarter. United Bank now owns 5,628 shares of the technology company’s stock valued at $1,244,000 after purchasing an additional 1,956 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of International Business Machines by 21.1% during the 3rd quarter. Edgestream Partners L.P. now owns 6,304 shares of the technology company’s stock worth $1,394,000 after buying an additional 1,098 shares during the period. Paloma Partners Management Co increased its stake in shares of International Business Machines by 58.8% in the 3rd quarter. Paloma Partners Management Co now owns 5,330 shares of the technology company’s stock valued at $1,178,000 after acquiring an additional 1,973 shares during the last quarter. Hilltop Holdings Inc. raised its position in shares of International Business Machines by 14.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 27,081 shares of the technology company’s stock valued at $5,987,000 after acquiring an additional 3,483 shares during the period. Finally, HighTower Advisors LLC boosted its stake in International Business Machines by 6.4% during the 3rd quarter. HighTower Advisors LLC now owns 1,423,795 shares of the technology company’s stock worth $314,762,000 after acquiring an additional 85,707 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.7 %

Shares of NYSE:IBM opened at $250.34 on Wednesday. The company’s 50-day moving average price is $250.52 and its two-hundred day moving average price is $232.13. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock has a market capitalization of $232.13 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its quarterly 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%. On average, equities analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared 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. This represents a $6.68 annualized dividend and a yield of 2.67%. The ex-dividend date was Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Analysts Set New Price Targets

Several brokerages have commented on IBM. Wedbush initiated coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus price target of $231.13.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The stock was 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 owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% 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.