International Business Machines Co. (NYSE:IBM) Stock Position Lifted by Holistic Planning LLC

Holistic Planning LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,178 shares of the technology company’s stock after acquiring an additional 98 shares during the period. Holistic Planning LLC’s holdings in International Business Machines were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Czech National Bank increased its stake in shares of International Business Machines by 7.2% during the third quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock valued at $41,485,000 after acquiring an additional 12,599 shares during the period. GAMMA Investing LLC increased its position in shares of International Business Machines by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 13,551 shares of the technology company’s stock valued at $2,996,000 after purchasing an additional 4,181 shares during the period. Azzad Asset Management Inc. ADV raised its stake in shares of International Business Machines by 3.4% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 11,827 shares of the technology company’s stock worth $2,615,000 after buying an additional 384 shares in the last quarter. Everpar Advisors LLC boosted its stake in International Business Machines by 19.6% during the third quarter. Everpar Advisors LLC now owns 1,452 shares of the technology company’s stock valued at $321,000 after buying an additional 238 shares in the last quarter. Finally, Consilio Wealth Advisors LLC acquired a new position in International Business Machines during the third quarter worth about $218,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.1 %

NYSE IBM opened at $255.48 on Monday. The stock has a fifty day moving average of $226.61 and a 200-day moving average of $214.76. 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 $236.23 billion, a P/E ratio of 39.86, a price-to-earnings-growth ratio of 5.63 and a beta of 0.74. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $261.80.

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

International Business Machines Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.61%. International Business Machines’s dividend payout ratio is presently 104.21%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday. Sanford C. Bernstein lifted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Morgan Stanley raised their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday. Bank of America upped their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $225.53.

Insider Buying and Selling

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 shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by company insiders.

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.