Secure Asset Management LLC Purchases 1,495 Shares of International Business Machines Co. (NYSE:IBM)

Secure Asset Management LLC boosted its holdings in International Business Machines Co. (NYSE:IBM) by 55.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,209 shares of the technology company’s stock after buying an additional 1,495 shares during the period. Secure Asset Management LLC’s holdings in International Business Machines were worth $925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Red Door Wealth Management LLC raised its stake in International Business Machines by 15.9% during the 4th quarter. Red Door Wealth Management LLC now owns 5,141 shares of the technology company’s stock valued at $1,130,000 after purchasing an additional 706 shares during the period. Capital Planning Advisors LLC lifted its holdings in shares of 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 worth $6,527,000 after buying an additional 997 shares in the last quarter. Goldstein Advisors LLC boosted its position in shares of International Business Machines by 58.8% during the fourth quarter. Goldstein Advisors LLC now owns 1,932 shares of the technology company’s stock worth $425,000 after acquiring an additional 715 shares during the last quarter. Avior Wealth Management LLC increased its holdings in International Business Machines by 1.4% in the 4th quarter. Avior Wealth Management LLC now owns 8,176 shares of the technology company’s stock valued at $1,756,000 after acquiring an additional 114 shares during the last quarter. Finally, Bill Few Associates Inc. lifted its stake in International Business Machines by 0.5% in the 4th quarter. Bill Few Associates Inc. now owns 15,450 shares of the technology company’s stock worth $3,396,000 after purchasing an additional 75 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IBM shares. Bernstein Bank raised 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. Morgan Stanley increased their target price on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two 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.com, the company currently has an average rating of “Hold” and an average target price of $220.73.

International Business Machines Trading Down 0.6 %

Shares of NYSE IBM opened at $224.69 on Friday. The business’s 50 day moving average price is $223.94 and its 200-day moving average price is $212.00. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. 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 has a market cap of $207.75 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.20 earnings per share. On average, sell-side analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. International Business Machines’s payout ratio is 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines 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 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 document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is owned by corporate insiders.

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.