Jaffetilchin Investment Partners LLC Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

Jaffetilchin Investment Partners LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,892 shares of the technology company’s stock after buying an additional 276 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in International Business Machines were worth $3,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in IBM. Compass Financial Services Inc bought a new stake in International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $31,000. Avondale Wealth Management grew its holdings in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after acquiring an additional 56 shares during the period. Valued Wealth Advisors LLC increased its position in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after acquiring an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in International Business Machines in the fourth quarter valued at about $35,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 2.6 %

Shares of IBM opened at $229.18 on Friday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The company has a 50 day simple moving average of $249.72 and a two-hundred day simple moving average of $232.85. 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 firm has a market cap of $212.51 billion, a P/E ratio of 35.75, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s payout ratio is presently 104.21%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Jefferies Financial Group cut their price target on International Business Machines from $270.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Finally, Wedbush initiated coverage on International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $231.13.

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.