HB Wealth Management LLC Buys 1,719 Shares of International Business Machines Co. (NYSE:IBM)

HB Wealth Management LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,873 shares of the technology company’s stock after acquiring an additional 1,719 shares during the period. HB Wealth Management LLC’s holdings in International Business Machines were worth $15,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gill Capital Partners LLC grew its holdings in International Business Machines by 27.6% during the 4th quarter. Gill Capital Partners LLC now owns 1,386 shares of the technology company’s stock worth $305,000 after acquiring an additional 300 shares in the last quarter. GoalFusion Wealth Management LLC boosted its holdings in shares of International Business Machines by 9.6% in the 4th quarter. GoalFusion Wealth Management LLC now owns 1,537 shares of the technology company’s stock valued at $338,000 after buying an additional 134 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of International Business Machines by 0.9% in the 4th quarter. Premier Path Wealth Partners LLC now owns 5,555 shares of the technology company’s stock valued at $1,221,000 after buying an additional 51 shares in the last quarter. Howard Financial Services LTD. boosted its holdings in shares of International Business Machines by 1.4% in the 4th quarter. Howard Financial Services LTD. now owns 4,648 shares of the technology company’s stock valued at $1,022,000 after buying an additional 64 shares in the last quarter. Finally, Verity & Verity LLC boosted its holdings in shares of International Business Machines by 4.9% in the 4th quarter. Verity & Verity LLC now owns 107,957 shares of the technology company’s stock valued at $23,732,000 after buying an additional 5,090 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now 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 through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $2.07 during trading on Friday, hitting $224.73. 5,481,686 shares of the stock traded hands, compared to its average volume of 2,994,162. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company has a market cap of $207.80 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. The company has a fifty day moving average price of $222.65 and a two-hundred day moving average price of $210.31. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent analyst reports. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Morgan Stanley raised their price target on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Stifel Nicolaus raised their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday. Finally, Bernstein Bank increased their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $215.81.

International Business Machines 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.