International Business Machines Co. (NYSE:IBM) Shares Purchased by Formidable Asset Management LLC

Formidable Asset Management LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,684 shares of the technology company's stock after acquiring an additional 5,389 shares during the period. Formidable Asset Management LLC's holdings in International Business Machines were worth $2,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Compass Financial Services Inc acquired a new stake in International Business Machines in the fourth quarter valued at approximately $26,000. Vision Financial Markets LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $31,000. Valued Wealth Advisors LLC grew 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 purchasing an additional 90 shares during the period. Rialto Wealth Management LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $35,000. Finally, Tacita Capital Inc grew its holdings in International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 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. The trade was a 37.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

International Business Machines Price Performance

NYSE:IBM opened at $258.79 on Friday. International Business Machines Co. has a 52 week low of $163.53 and a 52 week high of $269.28. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $240.52 billion, a P/E ratio of 40.37, a P/E/G ratio of 5.81 and a beta of 0.64. The stock's fifty day moving average is $245.13 and its two-hundred day moving average is $238.19.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 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 company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The company's revenue for the quarter was up .5% on a year-over-year basis. Equities analysts expect that International Business Machines Co. will post 10.78 EPS 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 given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.60%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 115.66%.

Analyst Ratings Changes

Several analysts have commented on the company. 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 reaffirmed an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Royal Bank of Canada lifted their price target on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $249.06.

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.

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