Napa Wealth Management Invests $1.12 Million in International Business Machines Co. (NYSE:IBM)

Napa Wealth Management acquired a new position in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,107 shares of the technology company's stock, valued at approximately $1,123,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC bought a new position in International Business Machines in the 4th quarter worth approximately $31,000. Valued Wealth Advisors LLC grew its holdings in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares in the last quarter. Rialto Wealth Management LLC bought a new position in International Business Machines in the 4th quarter worth approximately $35,000. Finally, Tacita Capital Inc grew its holdings in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after buying an additional 122 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

International Business Machines Price Performance

Shares of NYSE:IBM traded down $0.40 on Wednesday, reaching $258.19. 3,634,691 shares of the company traded hands, compared to its average volume of 4,218,584. International Business Machines Co. has a fifty-two week low of $163.53 and a fifty-two week high of $266.45. The company's 50 day moving average is $243.19 and its 200-day moving average is $235.51. The stock has a market capitalization of $239.96 billion, a PE ratio of 40.28, a P/E/G ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. As a group, analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.60%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 115.66%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Wedbush restated an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. UBS Group restated a "sell" rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday. Finally, Morgan Stanley cut their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Moderate Buy" and an average price target of $248.50.

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.