Integrated Wealth Concepts LLC Raises Position in International Business Machines Co. (NYSE:IBM)

Integrated Wealth Concepts LLC lifted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,076 shares of the technology company's stock after buying an additional 4,021 shares during the period. Integrated Wealth Concepts LLC's holdings in International Business Machines were worth $10,788,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in International Business Machines in the 4th quarter valued at about $26,000. Vision Financial Markets LLC acquired a new stake in International Business Machines during the 4th quarter worth about $31,000. Avondale Wealth Management lifted its position in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares during the period. Valued Wealth Advisors LLC lifted its position in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after acquiring an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in International Business Machines during the 4th quarter worth about $35,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.4 %

IBM traded up $3.38 on Tuesday, hitting $239.54. The company had a trading volume of 1,339,574 shares, compared to its average volume of 4,206,545. The firm has a market cap of $222.12 billion, a P/E ratio of 37.39, a PEG ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The company's fifty day moving average price is $244.78 and its 200 day moving average price is $233.94. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. The company 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%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. As a group, equities 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 paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.81%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 114.97%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America increased their price objective on 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 report on Thursday. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have assigned 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, the company has a consensus rating of "Hold" and a consensus price target of $242.41.

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.