Capital Planning Advisors LLC Purchases 997 Shares of International Business Machines Co. (NYSE:IBM)

Capital Planning Advisors LLC raised its position in International Business Machines Co. (NYSE:IBM) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,693 shares of the technology company’s stock after buying an additional 997 shares during the quarter. International Business Machines comprises about 1.0% of Capital Planning Advisors LLC’s portfolio, making the stock its 26th largest position. Capital Planning Advisors LLC’s holdings in International Business Machines were worth $6,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldstein Advisors LLC lifted its position in shares of International Business Machines by 58.8% during the 4th quarter. Goldstein Advisors LLC now owns 1,932 shares of the technology company’s stock worth $425,000 after buying an additional 715 shares during the last quarter. Avior Wealth Management LLC raised its stake in International Business Machines by 1.4% during the fourth quarter. Avior Wealth Management LLC now owns 8,176 shares of the technology company’s stock worth $1,756,000 after acquiring an additional 114 shares in the last quarter. Bill Few Associates Inc. lifted its holdings in shares of International Business Machines by 0.5% in the fourth quarter. Bill Few Associates Inc. now owns 15,450 shares of the technology company’s stock worth $3,396,000 after acquiring an additional 75 shares during the last quarter. Mutual Advisors LLC boosted its stake in shares of International Business Machines by 0.9% in the 4th quarter. Mutual Advisors LLC now owns 38,184 shares of the technology company’s stock valued at $8,502,000 after purchasing an additional 358 shares in the last quarter. Finally, Olistico Wealth LLC grew its holdings in shares of International Business Machines by 13.7% during the 4th quarter. Olistico Wealth LLC now owns 3,740 shares of the technology company’s stock valued at $822,000 after purchasing an additional 450 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on IBM shares. The Goldman Sachs Group raised their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Sanford C. Bernstein boosted their price objective 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. Bank of America upped their target price on International Business Machines from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group upped their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average price target of $220.73.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is owned by insiders.

International Business Machines Stock Performance

IBM stock opened at $223.09 on Thursday. The stock has a 50-day moving average price of $223.60 and a 200-day moving average price of $211.90. International Business Machines Co. has a 1-year low of $162.62 and a 1-year 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. The firm has a market cap of $206.28 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 4.80 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business 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%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. As a group, equities research analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.99%. International Business Machines’s payout ratio is presently 97.23%.

International Business Machines 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.