LVZ Inc. Has $665,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

LVZ Inc. increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,026 shares of the technology company’s stock after purchasing an additional 501 shares during the period. LVZ Inc.’s holdings in International Business Machines were worth $665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of IBM. Compass Financial Services Inc acquired a new stake in International Business Machines during the 4th quarter valued at $26,000. Hazlett Burt & Watson Inc. increased its stake 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 purchasing an additional 116 shares during the last quarter. Hara Capital LLC acquired a new position in shares of International Business Machines during the 3rd quarter worth $29,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC boosted its stake in International Business Machines by 134.3% in the fourth 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 in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.07% of the company’s stock.

International Business Machines Stock Up 1.1 %

NYSE IBM opened at $253.07 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The firm has a market capitalization of $234.66 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 5.81 and a beta of 0.74. The company has a fifty day moving average of $239.50 and a two-hundred day moving average of $225.40.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Analysts Set New Price Targets

A number of research analysts have recently commented on IBM shares. UBS Group increased their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Morgan Stanley increased their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, Wedbush assumed coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $231.44.

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.