International Business Machines Co. (NYSE:IBM) Shares Bought by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,223 shares of the technology company’s stock after buying an additional 1,069 shares during the period. Mayflower Financial Advisors LLC’s holdings in International Business Machines were worth $1,588,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. boosted its holdings in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC purchased a new position in shares of International Business Machines in the third quarter valued at $29,000. Avondale Wealth Management increased its position in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Valued Wealth Advisors LLC increased its position in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares in the last quarter. Finally, Modus Advisors LLC acquired a new stake in International Business Machines in the 4th quarter worth about $40,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.5 %

Shares of NYSE:IBM opened at $225.34 on Wednesday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. The firm has a fifty day moving average of $224.65 and a 200 day moving average of $213.14. The firm has a market capitalization of $208.36 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IBM shares. Morgan Stanley reduced their price objective on International Business Machines from $222.00 to $217.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Bernstein Bank boosted their price objective on 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. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research report on Wednesday, October 2nd. Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research note on Monday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $220.40.

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.