Wealth Enhancement Advisory Services LLC Acquires 4,330 Shares of International Business Machines Co. (NYSE:IBM)

Wealth Enhancement Advisory Services LLC lifted its stake in International Business Machines Co. (NYSE:IBM) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 783,798 shares of the technology company’s stock after buying an additional 4,330 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.08% of International Business Machines worth $173,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. Hazlett Burt & Watson Inc. grew its stake in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC purchased a new stake in International Business Machines in the 3rd quarter worth approximately $29,000. Avondale Wealth Management grew its position in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines during the second quarter valued at approximately $36,000. Finally, Modus Advisors LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $40,000. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Jefferies Financial Group upped their target price on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Stifel Nicolaus raised their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average target price of $214.88.

Insider Buying and Selling at International Business Machines

In related 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 value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.

International Business Machines Stock Down 1.9 %

IBM stock traded down $4.13 during midday trading on Friday, hitting $219.05. The company’s stock had a trading volume of 613,299 shares, compared to its average volume of 2,627,542. The company has a market cap of $202.54 billion, a PE ratio of 31.89, a P/E/G ratio of 5.18 and a beta of 0.74. The firm’s 50-day moving average is $221.70 and its 200-day moving average is $208.69. International Business Machines Co. has a 12 month low of $160.29 and a 12 month high of $239.35. 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 (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company earned $2.20 EPS. On average, equities research analysts forecast that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

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.