International Business Machines Corporation $IBM Shares Purchased by MBL Wealth LLC

MBL Wealth LLC lifted its stake in International Business Machines Corporation (NYSE:IBM) by 73.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,195 shares of the technology company’s stock after purchasing an additional 3,477 shares during the period. MBL Wealth LLC’s holdings in International Business Machines were worth $2,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Modera Wealth Management LLC lifted its stake in shares of International Business Machines by 5.7% in the fourth quarter. Modera Wealth Management LLC now owns 22,564 shares of the technology company’s stock valued at $6,684,000 after purchasing an additional 1,214 shares during the period. Winthrop Advisory Group LLC lifted its stake in shares of International Business Machines by 4.2% in the fourth quarter. Winthrop Advisory Group LLC now owns 4,140 shares of the technology company’s stock valued at $1,226,000 after purchasing an additional 167 shares during the period. Register Financial Advisors LLC lifted its stake in shares of International Business Machines by 0.9% in the fourth quarter. Register Financial Advisors LLC now owns 7,037 shares of the technology company’s stock valued at $2,085,000 after purchasing an additional 63 shares during the period. Landaas & Co. WI ADV lifted its stake in shares of International Business Machines by 24.5% in the fourth quarter. Landaas & Co. WI ADV now owns 1,788 shares of the technology company’s stock valued at $530,000 after purchasing an additional 352 shares during the period. Finally, Forbes J M & Co. LLP raised its position in International Business Machines by 1.1% during the fourth quarter. Forbes J M & Co. LLP now owns 71,344 shares of the technology company’s stock worth $21,133,000 after acquiring an additional 754 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Morgan Stanley cut their target price on shares of International Business Machines from $304.00 to $247.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Dbs Bank upgraded shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 target price for the company in a research report on Wednesday, February 25th. Finally, Stifel Nicolaus lifted their target price on shares of International Business Machines from $325.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $314.60.

Insider Transactions at International Business Machines

In other news, Director David N. Farr purchased 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the acquisition, the director directly owned 9,258 shares in the company, valued at $2,814,432. This represents a 12.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Miebach purchased 434 shares of the stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $233.33 per share, with a total value of $101,265.22. Following the completion of the acquisition, the director owned 434 shares of the company’s stock, valued at approximately $101,265.22. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 1,484 shares of company stock valued at $417,157. Insiders own 0.27% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $244.79 on Wednesday. The stock has a market cap of $229.63 billion, a P/E ratio of 21.95, a PEG ratio of 2.47 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $215.16 and a 12-month high of $324.90. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The company has a 50-day moving average of $258.23 and a two-hundred day moving average of $283.92.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. The business had revenue of $19.69 billion during the quarter, compared to the consensus estimate of $19.23 billion. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.92 earnings per share. As a group, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were issued a dividend of $1.68 per share. The ex-dividend date was Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines’s payout ratio is 60.27%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.