Williams Jones Wealth Management LLC. Has $27.02 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Williams Jones Wealth Management LLC. lowered its position in International Business Machines Co. (NYSE:IBM - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,926 shares of the technology company's stock after selling 1,798 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in International Business Machines were worth $27,023,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI lifted its holdings in International Business Machines by 2,519.9% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 290,806 shares of the technology company's stock worth $63,928,000 after buying an additional 279,706 shares in the last quarter. Vident Advisory LLC lifted its holdings in International Business Machines by 44.2% in the 4th quarter. Vident Advisory LLC now owns 56,375 shares of the technology company's stock worth $12,394,000 after buying an additional 17,282 shares in the last quarter. Spurstone Advisory Services LLC acquired a new position in International Business Machines in the 4th quarter worth $121,000. St. Clair Advisors LLC acquired a new position in International Business Machines in the 4th quarter worth $3,583,000. Finally, Triglav Skladi D.O.O. acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $6,705,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Buying and Selling at International Business Machines

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

Analyst Ratings Changes

IBM has been the topic of a number of recent analyst reports. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Royal Bank of Canada upped their target price on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Bank of America upped their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Oppenheimer initiated coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $249.06.

International Business Machines Trading Down 2.1%

Shares of NYSE:IBM traded down $5.72 during mid-day trading on Wednesday, hitting $261.23. The stock had a trading volume of 3,751,058 shares, compared to its average volume of 4,211,827. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $242.79 billion, a PE ratio of 40.75, a P/E/G ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 12-month low of $163.53 and a 12-month high of $269.28. The company's 50 day moving average is $244.79 and its 200-day moving average is $237.48.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The firm's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.57%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

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.