Pacific Point Advisors LLC Buys New Shares in International Business Machines Co. (NYSE:IBM)

Pacific Point Advisors 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 disclosure with the Securities & Exchange Commission. The fund acquired 1,140 shares of the technology company's stock, valued at approximately $251,000.

A number of other institutional investors also recently added to or reduced their stakes in IBM. Capital World Investors boosted its holdings in International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares in the last quarter. Norges Bank acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $1,236,176,000. Raymond James Financial Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $592,746,000. Northern Trust Corp boosted its holdings in shares of International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of International Business Machines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after acquiring an additional 1,539,888 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 1.6%

NYSE IBM traded up $4.21 on Tuesday, reaching $262.84. The company had a trading volume of 1,483,775 shares, compared to its average volume of 4,204,343. The firm has a market capitalization of $244.28 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. 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 Co. has a 1-year low of $163.53 and a 1-year high of $269.28. The company's fifty day moving average is $245.26 and its 200-day moving average is $238.85.

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 for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The firm 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 company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. On average, research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid 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 yield of 2.56%. International Business Machines's dividend payout ratio is presently 115.66%.

Analysts Set New Price Targets

IBM has been the topic of several recent analyst reports. Bank of America boosted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. 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 report on Wednesday, April 23rd. Royal Bank of Canada boosted their target price 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, Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. 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. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $249.06.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company's stock.

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.