RVW Wealth LLC Buys 152 Shares of International Business Machines Co. (NYSE:IBM)

RVW Wealth LLC raised its position in shares of International Business Machines Co. (NYSE:IBM) by 15.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,164 shares of the technology company’s stock after acquiring an additional 152 shares during the quarter. RVW Wealth LLC’s holdings in International Business Machines were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Crews Bank & Trust bought a new position in shares of International Business Machines during the fourth quarter valued at about $293,000. OLD National Bancorp IN grew its position in International Business Machines by 0.4% during the 4th quarter. OLD National Bancorp IN now owns 12,903 shares of the technology company’s stock worth $2,836,000 after acquiring an additional 51 shares during the last quarter. First Affirmative Financial Network lifted its position in International Business Machines by 1.5% in the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock valued at $687,000 after purchasing an additional 46 shares during the last quarter. DMC Group LLC raised its holdings in International Business Machines by 8.8% during the 4th quarter. DMC Group LLC now owns 3,475 shares of the technology company’s stock valued at $764,000 after buying an additional 280 shares during the last quarter. Finally, Abel Hall LLC grew its holdings in International Business Machines by 4.5% in the 4th quarter. Abel Hall LLC now owns 1,399 shares of the technology company’s stock worth $307,000 after acquiring an additional 60 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

IBM stock opened at $250.36 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The company’s fifty day moving average price is $224.95 and its 200-day moving average price is $213.44. International Business Machines Co. has a one year low of $162.62 and a one year high of $249.35. The company has a market capitalization of $231.49 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. On average, equities analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. International Business Machines’s dividend payout ratio is presently 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IBM shares. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday. Bank of America increased their price objective on shares of International Business Machines from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. UBS Group upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Sanford C. Bernstein increased their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $221.13.

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.