Mpwm Advisory Solutions LLC Takes Position in International Business Machines Co. (NYSE:IBM)

Mpwm Advisory Solutions LLC purchased a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,175 shares of the technology company's stock, valued at approximately $258,000.

Several other hedge funds have also made changes to their positions in IBM. Treasurer of the State of North Carolina grew its stake in International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Blue Zone Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth $242,000. Tranquilli Financial Advisor LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth $373,000. Truist Financial Corp raised its holdings in shares of International Business Machines by 6.5% during the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after acquiring an additional 49,591 shares in the last quarter. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth $3,000,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of several recent research reports. Morgan Stanley cut their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. UBS Group reissued a "sell" rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Oppenheimer initiated coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. One 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 company. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $249.06.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

International Business Machines Price Performance

IBM stock traded up $0.42 during midday trading on Friday, reaching $258.79. 2,722,620 shares of the company's stock traded hands, compared to its average volume of 4,208,541. The company has a 50-day simple moving average of $245.13 and a two-hundred day simple moving average of $238.19. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $269.28. The company has a market cap of $240.52 billion, a price-to-earnings ratio of 40.37, 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 announced 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 for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the business earned $1.68 earnings per share. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. On average, analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company 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 a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.60%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

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.