Wells Trecaso Financial Group LLC Purchases 440 Shares of International Business Machines Co. (NYSE:IBM)

Wells Trecaso Financial Group LLC raised its position in International Business Machines Co. (NYSE:IBM) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 45,133 shares of the technology company’s stock after acquiring an additional 440 shares during the period. International Business Machines makes up 3.2% of Wells Trecaso Financial Group LLC’s investment portfolio, making the stock its 9th largest holding. Wells Trecaso Financial Group LLC’s holdings in International Business Machines were worth $9,922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Montecito Bank & Trust boosted its stake in shares of International Business Machines by 8.5% in the fourth quarter. Montecito Bank & Trust now owns 9,559 shares of the technology company’s stock valued at $2,101,000 after buying an additional 745 shares in the last quarter. Secure Asset Management LLC grew its holdings in International Business Machines by 55.1% during the fourth quarter. Secure Asset Management LLC now owns 4,209 shares of the technology company’s stock worth $925,000 after acquiring an additional 1,495 shares during the period. Red Door Wealth Management LLC raised its position in International Business Machines by 15.9% in the fourth quarter. Red Door Wealth Management LLC now owns 5,141 shares of the technology company’s stock worth $1,130,000 after acquiring an additional 706 shares in the last quarter. Finally, Capital Planning Advisors LLC lifted its holdings in International Business Machines by 3.5% in the fourth quarter. Capital Planning Advisors LLC now owns 29,693 shares of the technology company’s stock valued at $6,527,000 after acquiring an additional 997 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s 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 completion of the sale, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Stock Up 1.1 %

Shares of NYSE IBM opened at $225.63 on Friday. The firm has a market cap of $208.63 billion, a P/E ratio of 32.84, 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. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35. The firm’s 50 day moving average price is $223.60 and its 200 day moving average price is $211.90.

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

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.96%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IBM shares. Jefferies Financial Group increased their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. Stifel Nicolaus increased their target price 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. BMO Capital Markets boosted their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Bank of America raised their price objective on International Business Machines from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Sanford C. Bernstein boosted their target price 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. Two equities research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $220.73.

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.