West Oak Capital LLC Has $12.13 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

West Oak Capital LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBMFree Report) by 11,273.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 55,160 shares of the technology company’s stock after purchasing an additional 54,675 shares during the period. International Business Machines makes up 3.7% of West Oak Capital LLC’s holdings, making the stock its 3rd biggest holding. West Oak Capital LLC’s holdings in International Business Machines were worth $12,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vaughan David Investments LLC IL raised its position in International Business Machines by 2.8% in the second quarter. Vaughan David Investments LLC IL now owns 13,434 shares of the technology company’s stock valued at $2,323,000 after purchasing an additional 370 shares during the last quarter. HHM Wealth Advisors LLC raised its position in International Business Machines by 12.0% in the second quarter. HHM Wealth Advisors LLC now owns 1,233 shares of the technology company’s stock valued at $213,000 after purchasing an additional 132 shares during the last quarter. Bahl & Gaynor Inc. raised its position in International Business Machines by 5.9% in the second quarter. Bahl & Gaynor Inc. now owns 8,898 shares of the technology company’s stock valued at $1,539,000 after purchasing an additional 498 shares during the last quarter. Qsemble Capital Management LP bought a new position in International Business Machines in the second quarter valued at about $279,000. Finally, Y.D. More Investments Ltd raised its position in International Business Machines by 133.3% in the second quarter. Y.D. More Investments Ltd now owns 933 shares of the technology company’s stock valued at $161,000 after purchasing an additional 533 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’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 value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.

International Business Machines Trading Down 1.7 %

NYSE IBM traded down $3.78 during trading hours on Friday, hitting $219.40. 3,570,079 shares of the company’s stock were exchanged, compared to its average volume of 3,131,566. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 1-year low of $160.29 and a 1-year high of $239.35. The stock has a 50-day simple moving average of $221.70 and a 200 day simple moving average of $208.69. The firm has a market cap of $202.87 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter last year, the firm posted $2.20 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $1.67 dividend. 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 3.04%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Analysts Set New Price Targets

IBM has been the subject of several research reports. 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. Bank of America increased their price target on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets increased their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein increased their price target 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 given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average price target of $214.88.

View Our Latest Analysis on International Business Machines

International Business Machines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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