Total Wealth Planning & Management Inc. Purchases New Holdings in International Business Machines Co. (NYSE:IBM)

Total Wealth Planning & Management Inc. acquired a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,127 shares of the technology company's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $26,000. Vision Financial Markets LLC acquired a new stake in International Business Machines in the 4th quarter valued at $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines in the fourth quarter valued at about $35,000. Tacita Capital Inc lifted its stake in shares of International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after purchasing an additional 122 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of a number of analyst reports. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. UBS Group reiterated a "sell" rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Oppenheimer began coverage on International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price for the company. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Morgan Stanley lowered their price objective 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, April 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $249.06.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $0.19 during midday trading on Friday, hitting $258.88. 9,654,027 shares of the company's stock were exchanged, compared to its average volume of 4,683,525. 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 Co. has a twelve month low of $163.53 and a twelve month high of $269.28. The stock's 50 day moving average price is $246.19 and its 200-day moving average price is $239.48. The firm has a market cap of $240.60 billion, a P/E ratio of 40.39, a PEG ratio of 5.81 and a beta of 0.64.

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, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The company's revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current 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 dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.60%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

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 shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by 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.