LifeWealth Investments LLC Takes $450,000 Position in International Business Machines Co. (NYSE:IBM)

LifeWealth Investments LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,048 shares of the technology company's stock, valued at approximately $450,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LM Advisors LLC grew its position in International Business Machines by 231.7% during the fourth quarter. LM Advisors LLC now owns 8,358 shares of the technology company's stock worth $1,837,000 after buying an additional 5,838 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in International Business Machines during the fourth quarter worth about $88,000. Leigh Baldwin & CO. LLC purchased a new position in International Business Machines during the fourth quarter worth about $485,000. Armis Advisers LLC purchased a new position in International Business Machines during the fourth quarter worth about $271,000. Finally, Liberty Square Wealth Partners LLC purchased a new position in International Business Machines during the fourth quarter worth about $238,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBM has been the subject of several recent analyst reports. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. UBS Group reiterated a "sell" rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Royal Bank of Canada upped their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $249.06.

International Business Machines Trading Down 0.6%

NYSE IBM traded down $1.61 on Thursday, hitting $258.63. The company's stock had a trading volume of 942,545 shares, compared to its average volume of 4,197,283. The firm has a market cap of $240.37 billion, a P/E ratio of 40.38, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 52-week low of $163.53 and a 52-week high of $269.28. The company's 50-day simple moving average is $245.98 and its 200 day simple moving average is $239.17. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $1.68 EPS. Research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.60%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred 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 sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

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.