Milestone Asset Management LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM – Free Report) by 54.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,230 shares of the technology company’s stock after acquiring an additional 4,659 shares during the period. Milestone Asset Management LLC’s holdings in International Business Machines were worth $2,908,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Hazlett Burt & Watson Inc. lifted its holdings in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares during the period. Hara Capital LLC acquired a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $29,000. Avondale Wealth Management lifted its holdings 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 valued at $34,000 after buying an additional 56 shares during the period. Valued Wealth Advisors LLC lifted its holdings in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after buying an additional 90 shares during the period. Finally, Modus Advisors LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 58.96% of the company’s stock.
Insider Transactions at International Business Machines
In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on 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 owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.07% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on IBM
International Business Machines Stock Up 1.5 %
NYSE:IBM opened at $229.13 on Thursday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The firm has a market capitalization of $211.86 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The stock has a 50 day moving average of $224.95 and a 200-day moving average of $213.44. 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 – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. Analysts predict that International Business Machines Co. will post 10.16 EPS for the current year.
International Business Machines Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 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.
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