5,346 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Alteri Wealth LLC

Alteri Wealth LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,346 shares of the technology company's stock, valued at approximately $1,175,000.

Other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new position in International Business Machines during the fourth quarter worth approximately $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth $31,000. Avondale Wealth Management raised its position 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 worth $34,000 after buying an additional 56 shares during the period. Valued Wealth Advisors LLC boosted its holdings 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 acquiring an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in International Business Machines during the fourth quarter worth about $35,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Morgan Stanley decreased their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $276.00 price objective on shares of International Business Machines in a research note on Monday, April 14th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Oppenheimer began coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus price target of $248.50.

International Business Machines Price Performance

Shares of International Business Machines stock traded up $3.67 during mid-day trading on Monday, reaching $249.22. 4,137,641 shares of the stock were exchanged, compared to its average volume of 4,209,913. International Business Machines Co. has a fifty-two week low of $163.53 and a fifty-two week high of $266.45. The company has a market cap of $231.62 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. The firm has a 50-day simple moving average of $243.19 and a 200 day simple moving average of $234.15. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. On average, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.70%. International Business Machines's dividend payout ratio is 115.66%.

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.