Impact Partnership Wealth LLC Has $2.27 Million Position in International Business Machines Co. (NYSE:IBM)

Impact Partnership Wealth LLC grew its position in International Business Machines Co. (NYSE:IBM) by 64.7% during the fourth quarter, HoldingsChannel reports. The firm owned 10,309 shares of the technology company’s stock after buying an additional 4,049 shares during the quarter. International Business Machines comprises approximately 0.5% of Impact Partnership Wealth LLC’s holdings, making the stock its 28th biggest position. Impact Partnership Wealth LLC’s holdings in International Business Machines were worth $2,266,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Southland Equity Partners LLC raised its holdings in International Business Machines by 6.9% in the 4th quarter. Southland Equity Partners LLC now owns 2,353 shares of the technology company’s stock valued at $517,000 after acquiring an additional 151 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of International Business Machines by 4.5% during the fourth quarter. Sound Income Strategies LLC now owns 116,631 shares of the technology company’s stock valued at $25,639,000 after purchasing an additional 4,984 shares during the period. RFG Advisory LLC raised its stake in shares of International Business Machines by 3.8% in the fourth quarter. RFG Advisory LLC now owns 28,950 shares of the technology company’s stock valued at $6,364,000 after purchasing an additional 1,049 shares in the last quarter. Silver Lake Advisory LLC lifted its position in International Business Machines by 39.5% in the fourth quarter. Silver Lake Advisory LLC now owns 2,522 shares of the technology company’s stock worth $554,000 after purchasing an additional 714 shares during the period. Finally, MFA Wealth Services acquired a new stake in International Business Machines during the fourth quarter worth $529,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 1.1 %

Shares of IBM opened at $225.63 on Friday. The firm has a 50 day simple moving average of $223.60 and a two-hundred day simple moving average of $211.90. The company has a market cap of $208.63 billion, a P/E ratio of 32.84, a P/E/G ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the prior year, the company earned $2.20 EPS. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts forecast that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s payout ratio is currently 97.23%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IBM. BMO Capital Markets increased their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. Stifel Nicolaus upped their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group increased their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, UBS Group boosted their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $220.73.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’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 in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is owned by corporate 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.