Milestone Asset Management Group LLC Purchases Shares of 1,672 International Business Machines Co. (NYSE:IBM)

Milestone Asset Management Group LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,672 shares of the technology company's stock, valued at approximately $368,000.

Other institutional investors also recently bought and sold shares of the company. Tallon Kerry Patrick purchased a new stake in International Business Machines in the fourth quarter worth approximately $902,000. Brighton Jones LLC boosted its stake in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares during the last quarter. YHB Investment Advisors Inc. boosted its stake in shares of International Business Machines by 11.6% in the 4th quarter. YHB Investment Advisors Inc. now owns 4,549 shares of the technology company's stock worth $1,000,000 after buying an additional 474 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of International Business Machines by 5.8% in the 4th quarter. Perigon Wealth Management LLC now owns 21,960 shares of the technology company's stock worth $4,890,000 after buying an additional 1,213 shares during the last quarter. Finally, BSW Wealth Partners boosted its stake in shares of International Business Machines by 35.4% in the 4th quarter. BSW Wealth Partners now owns 4,548 shares of the technology company's stock worth $1,000,000 after buying an additional 1,189 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

International Business Machines stock traded up $0.19 during midday trading on Friday, reaching $258.88. 9,667,740 shares of the stock traded hands, compared to its average volume of 4,225,727. The stock's fifty day moving average is $246.37 and its 200-day moving average is $239.81. International Business Machines Co. has a 12 month low of $163.53 and a 12 month high of $269.28. The stock 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. 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 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. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a $1.68 dividend. This is an increase 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 presently 115.66%.

Analysts Set New Price Targets

Several brokerages have issued reports on IBM. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Oppenheimer initiated coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. UBS Group reissued 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. Wedbush reiterated an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a research note on Wednesday, May 7th. Finally, Morgan Stanley lowered their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of "Hold" and a consensus price target of $249.06.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated 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 completion of the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

About International Business Machines

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.