Aviance Capital Partners LLC Boosts Stock Position in International Business Machines Co. (NYSE:IBM)

Aviance Capital Partners LLC raised its stake in shares of International Business Machines Co. (NYSE:IBM) by 20.8% in the 4th quarter, Holdings Channel reports. The fund owned 2,822 shares of the technology company’s stock after acquiring an additional 485 shares during the quarter. Aviance Capital Partners LLC’s holdings in International Business Machines were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Oak Hill Wealth Advisors LLC raised its stake in International Business Machines by 215.3% during the 4th quarter. Oak Hill Wealth Advisors LLC now owns 3,121 shares of the technology company’s stock valued at $686,000 after acquiring an additional 5,827 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in International Business Machines by 99.4% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 45,452 shares of the technology company’s stock valued at $9,992,000 after acquiring an additional 22,656 shares during the last quarter. Berkshire Asset Management LLC PA increased its position in International Business Machines by 73.4% during the 4th quarter. Berkshire Asset Management LLC PA now owns 12,429 shares of the technology company’s stock worth $2,794,000 after purchasing an additional 5,260 shares during the period. Novus Advisors LLC acquired a new position in International Business Machines during the 4th quarter worth approximately $480,000. Finally, Andra AP fonden increased its position in International Business Machines by 2.6% during the 4th quarter. Andra AP fonden now owns 137,700 shares of the technology company’s stock worth $30,271,000 after purchasing an additional 3,500 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.07% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Sanford C. Bernstein boosted their target price on 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. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Jefferies Financial Group boosted their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Bank of America boosted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $231.44.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $261.67 on Friday. The business’s fifty day moving average price is $241.29 and its two-hundred day moving average price is $226.20. The stock has a market cap of $242.63 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

About International Business Machines

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.