Burling Wealth Partners LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)

Burling Wealth Partners LLC acquired a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,500 shares of the technology company's stock, valued at approximately $769,000.

Several other large investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in International Business Machines in the fourth quarter valued at $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth approximately $31,000. Avondale Wealth Management boosted 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 worth $34,000 after acquiring an additional 56 shares in the last quarter. Valued Wealth Advisors LLC grew its position in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $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 4th quarter valued at $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Buying and Selling

In other International Business Machines 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 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 $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley lowered 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 note on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $276.00 target price on shares of International Business Machines in a research note on Monday, April 14th. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Wedbush reiterated an "outperform" rating and issued a $300.00 price objective on shares of International Business Machines in a research report on Thursday. Finally, Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $242.41.

International Business Machines Stock Up 0.8 %

IBM stock traded up $1.86 during mid-day trading on Monday, hitting $234.27. 1,569,769 shares of the company were exchanged, compared to its average volume of 4,209,370. The firm has a market cap of $217.23 billion, a P/E ratio of 36.54, a P/E/G ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The firm's 50 day simple moving average is $245.34 and its 200 day simple moving average is $233.92. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter last year, the firm earned $1.68 EPS. International Business Machines'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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.85%. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.

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.