Stratos Investment Management LLC Purchases 266 Shares of International Business Machines Co. (NYSE:IBM)

Stratos Investment Management LLC raised its position in shares of International Business Machines Co. (NYSE:IBM) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,132 shares of the technology company’s stock after acquiring an additional 266 shares during the period. Stratos Investment Management LLC’s holdings in International Business Machines were worth $469,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Stratos Wealth Partners LTD. lifted its stake in shares of International Business Machines by 74.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 110,444 shares of the technology company’s stock valued at $24,279,000 after buying an additional 47,266 shares during the period. Sargent Investment Group LLC lifted its stake in shares of International Business Machines by 5.4% in the fourth quarter. Sargent Investment Group LLC now owns 62,993 shares of the technology company’s stock valued at $13,695,000 after buying an additional 3,199 shares during the period. Tranquilli Financial Advisor LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at about $373,000. James J. Burns & Company LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at about $223,000. Finally, Newton One Investments LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at about $76,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM stock opened at $263.03 on Thursday. The stock’s fifty day moving average is $228.01 and its 200-day moving average is $215.86. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market capitalization of $243.21 billion, a PE ratio of 41.04, a PEG ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities research analysts expect that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is 104.21%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Bank of America increased their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research note on Monday. They set an “outperform” rating for the company. UBS Group raised their price target 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. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $225.53.

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.