Roberts Wealth Advisors LLC Takes Position in International Business Machines Co. (NYSE:IBM)

Roberts Wealth Advisors LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 911 shares of the technology company’s stock, valued at approximately $200,000.

A number of other large investors have also bought and sold shares of the stock. Exchange Bank increased its position in International Business Machines by 2.2% in the 4th quarter. Exchange Bank now owns 7,898 shares of the technology company’s stock valued at $1,736,000 after buying an additional 171 shares in the last quarter. Atomi Financial Group Inc. grew its stake in International Business Machines by 8.3% in the fourth quarter. Atomi Financial Group Inc. now owns 25,235 shares of the technology company’s stock valued at $5,547,000 after acquiring an additional 1,943 shares during the period. Monterey Private Wealth Inc. increased its holdings in shares of International Business Machines by 32.0% during the fourth quarter. Monterey Private Wealth Inc. now owns 1,666 shares of the technology company’s stock valued at $366,000 after acquiring an additional 404 shares in the last quarter. Chesley Taft & Associates LLC raised its position in shares of International Business Machines by 12.9% during the fourth quarter. Chesley Taft & Associates LLC now owns 20,453 shares of the technology company’s stock worth $4,496,000 after purchasing an additional 2,337 shares during the period. Finally, Clear Harbor Asset Management LLC raised its position in shares of International Business Machines by 22.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 2,853 shares of the technology company’s stock worth $627,000 after purchasing an additional 530 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent research reports. Sanford C. Bernstein boosted their price target on shares of 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. Bernstein Bank upped their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. BMO Capital Markets lifted 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. Bank of America increased their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley lifted 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $216.87.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $224.30 on Wednesday. The company has a market capitalization of $207.40 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 4.81 and a beta of 0.74. The company’s 50-day moving average is $223.09 and its 200 day moving average is $211.48. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the company earned $2.20 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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 annualized dividend and a yield of 2.98%. International Business Machines’s payout ratio is 97.23%.

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.