Fourth Dimension Wealth LLC Makes New $342,000 Investment in International Business Machines Co. (NYSE:IBM)

Fourth Dimension Wealth LLC acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,555 shares of the technology company's stock, valued at approximately $342,000.

Other hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Planning Group LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $255,000. Vise Technologies Inc. grew its stake in shares of International Business Machines by 23.3% during the fourth quarter. Vise Technologies Inc. now owns 17,898 shares of the technology company's stock valued at $3,935,000 after acquiring an additional 3,380 shares in the last quarter. Retirement Planning Group LLC increased its position in shares of International Business Machines by 25.7% during the fourth quarter. Retirement Planning Group LLC now owns 3,515 shares of the technology company's stock worth $773,000 after acquiring an additional 719 shares during the last quarter. Cornerstone Advisory LLC lifted its stake in shares of International Business Machines by 10.3% in the fourth quarter. Cornerstone Advisory LLC now owns 3,523 shares of the technology company's stock worth $774,000 after acquiring an additional 329 shares in the last quarter. Finally, Inspire Trust Co. N.A. boosted its holdings in International Business Machines by 2.9% in the fourth quarter. Inspire Trust Co. N.A. now owns 17,000 shares of the technology company's stock valued at $3,737,000 after purchasing an additional 475 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other 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. 0.18% of the stock is owned by corporate insiders.

International Business Machines Price Performance

Shares of IBM stock traded up $4.35 during mid-day trading on Tuesday, hitting $262.98. 1,385,746 shares of the stock traded hands, compared to its average volume of 4,204,037. The company's 50-day simple moving average is $245.26 and its 200-day simple moving average is $238.85. The firm has a market cap of $244.42 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a twelve month low of $163.53 and a twelve month high of $269.28. 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 posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 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 net margin of 9.60% and a return on equity of 38.99%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. As a group, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 yield of 2.56%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IBM shares. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $300.00 price objective on shares of International Business Machines in a report on Wednesday, May 7th. Citigroup restated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. increased their target price on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus target price of $249.06.

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.