Retirement Planning Group LLC NY Invests $228,000 in International Business Machines Co. (NYSE:IBM)

Retirement Planning Group LLC NY acquired a new position in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,035 shares of the technology company's stock, valued at approximately $228,000.

Several other institutional investors also recently bought and sold shares of the stock. Cache Advisors LLC purchased a new stake in International Business Machines during the 4th quarter valued at about $305,000. Pinney & Scofield Inc. purchased a new stake in International Business Machines during the 4th quarter valued at about $181,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in International Business Machines during the 4th quarter valued at about $705,000. Pacific Point Advisors LLC purchased a new stake in International Business Machines during the 4th quarter valued at about $251,000. Finally, Strait & Sound Wealth Management LLC boosted its holdings in International Business Machines by 1.3% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 6,986 shares of the technology company's stock valued at $1,536,000 after acquiring an additional 89 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Royal Bank of Canada increased their target price on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, UBS Group reissued a "sell" rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and an average price target of $249.06.

International Business Machines Stock Performance

Shares of IBM stock opened at $258.79 on Friday. 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 firm has a market capitalization 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 stock has a fifty day moving average of $245.13 and a 200 day moving average of $238.19. International Business Machines Co. has a 52 week low of $163.53 and a 52 week high of $269.28.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during 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 company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. As a group, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.60%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

International Business Machines 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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