Johnson & White Wealth Management LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)

Johnson & White Wealth Management LLC bought a new stake in International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,334 shares of the technology company’s stock, valued at approximately $953,000.

Other institutional investors have also recently bought and sold shares of the company. Cullen Investment Group LTD. raised its position in International Business Machines by 3.2% during the 4th quarter. Cullen Investment Group LTD. now owns 3,985 shares of the technology company’s stock worth $876,000 after purchasing an additional 123 shares during the last quarter. Tealwood Asset Management Inc. raised its position in shares of International Business Machines by 19.6% during the fourth quarter. Tealwood Asset Management Inc. now owns 2,474 shares of the technology company’s stock worth $544,000 after acquiring an additional 406 shares during the last quarter. Grandview Asset Management LLC acquired a new position in shares of International Business Machines in the fourth quarter worth approximately $1,189,000. Marcum Wealth LLC increased its position in International Business Machines by 0.5% during the 4th quarter. Marcum Wealth LLC now owns 10,127 shares of the technology company’s stock valued at $2,226,000 after purchasing an additional 52 shares during the period. Finally, Traveka Wealth LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $209,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $217.39 on Tuesday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The firm’s 50-day simple moving average is $222.14 and its two-hundred day simple moving average is $209.84. The firm has a market cap of $201.01 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 5.18 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.20 earnings per share. As a group, equities analysts forecast that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IBM shares. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research note on Wednesday, October 2nd. The Goldman Sachs Group increased their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Sanford C. Bernstein boosted their price objective on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. BMO Capital Markets increased their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Finally, StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $214.88.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

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.