Captrust Financial Advisors Increases Position in International Business Machines Co. (NYSE:IBM)

Captrust Financial Advisors lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 507,662 shares of the technology company's stock after buying an additional 33,297 shares during the period. Captrust Financial Advisors owned approximately 0.05% of International Business Machines worth $111,599,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IBM. Vanguard Group Inc. raised its holdings in shares of International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of International Business Machines by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock valued at $4,589,145,000 after buying an additional 427,499 shares during the period. Capital World Investors boosted its stake in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares during the last quarter. Northern Trust Corp raised its position in International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of International Business Machines by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock worth $1,465,223,000 after purchasing an additional 126,547 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

IBM traded up $4.36 during trading on Wednesday, reaching $253.48. The company's stock had a trading volume of 3,399,119 shares, compared to its average volume of 4,205,602. The company has a market cap of $235.58 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 5.81 and a beta of 0.64. The firm has a fifty day simple moving average of $242.99 and a two-hundred day simple moving average of $234.38. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $266.45. 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 (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping 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 company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The firm's revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.65%. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IBM shares. Royal Bank of Canada reissued an "outperform" rating and set a $276.00 price target on shares of International Business Machines in a report on Monday, April 14th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Bank of America increased their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Oppenheimer began coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $248.50.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.