Beaumont Financial Advisors LLC Purchases 274 Shares of International Business Machines Co. (NYSE:IBM)

Beaumont Financial Advisors LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,224 shares of the technology company’s stock after purchasing an additional 274 shares during the period. Beaumont Financial Advisors LLC’s holdings in International Business Machines were worth $2,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in International Business Machines by 6.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the technology company’s stock worth $491,000 after acquiring an additional 150 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of International Business Machines by 72.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 35,496 shares of the technology company’s stock worth $6,139,000 after purchasing an additional 14,874 shares during the period. Evergreen Capital Management LLC lifted its stake in International Business Machines by 16.2% in the second quarter. Evergreen Capital Management LLC now owns 12,687 shares of the technology company’s stock valued at $2,194,000 after purchasing an additional 1,768 shares during the last quarter. Resources Management Corp CT ADV increased its position in International Business Machines by 2.6% in the second quarter. Resources Management Corp CT ADV now owns 26,886 shares of the technology company’s stock worth $4,650,000 after buying an additional 692 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its stake in shares of International Business Machines by 1.0% in the second quarter. Providence Capital Advisors LLC now owns 17,204 shares of the technology company’s stock valued at $2,975,000 after buying an additional 163 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

IBM opened at $224.30 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $207.40 billion, a P/E ratio of 32.65, a PEG ratio of 4.81 and a beta of 0.74. The stock has a 50-day moving average price of $223.09 and a 200-day moving average price of $211.48. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period in the prior year, the business posted $2.20 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Equities analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed 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 2.98%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America raised their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Sanford C. Bernstein raised their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research report on Wednesday, October 2nd. Finally, Bernstein Bank raised their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $216.87.

Insider Transactions at International Business Machines

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

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.