International Business Machines Co. (NYSE:IBM) Stock Holdings Raised by Accurate Wealth Management LLC

Accurate Wealth Management LLC grew its stake in International Business Machines Co. (NYSE:IBM) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,160 shares of the technology company’s stock after purchasing an additional 111 shares during the quarter. Accurate Wealth Management LLC’s holdings in International Business Machines were worth $1,134,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Brown Brothers Harriman & Co. raised its position in shares of International Business Machines by 12.2% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 43,394 shares of the technology company’s stock valued at $7,505,000 after acquiring an additional 4,705 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of International Business Machines by 13.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock valued at $13,350,000 after purchasing an additional 9,155 shares during the period. Mesirow Financial Investment Management Inc. increased its position in International Business Machines by 4.0% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 24,331 shares of the technology company’s stock valued at $4,210,000 after acquiring an additional 931 shares during the period. One Capital Management LLC raised its stake in shares of International Business Machines by 44.7% during the second quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock valued at $502,000 after purchasing an additional 898 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of International Business Machines by 12.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,513 shares of the technology company’s stock worth $2,510,000 after buying an additional 1,612 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction 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 completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Trading Up 0.1 %

Shares of NYSE:IBM opened at $217.54 on Wednesday. The firm has a fifty day moving average of $222.34 and a two-hundred day moving average of $210.16. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The firm has a market capitalization of $201.15 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts expect that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared 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 was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.07%. International Business Machines’s payout ratio is 97.23%.

Analyst Upgrades and Downgrades

IBM has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Morgan Stanley upped their target price on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research note on Wednesday, October 2nd. Bank of America upped their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $215.81.

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.