Vestia Personal Wealth Advisors Purchases New Shares in International Business Machines Co. (NYSE:IBM)

Vestia Personal Wealth Advisors purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,294 shares of the technology company’s stock, valued at approximately $284,000.

Several other hedge funds also recently made changes to their positions in IBM. Tectonic Advisors LLC boosted its holdings in International Business Machines by 5.8% in the fourth quarter. Tectonic Advisors LLC now owns 49,527 shares of the technology company’s stock worth $10,888,000 after acquiring an additional 2,702 shares in the last quarter. Massachusetts Wealth Management boosted its holdings in International Business Machines by 17.3% in the fourth quarter. Massachusetts Wealth Management now owns 4,410 shares of the technology company’s stock worth $969,000 after acquiring an additional 650 shares in the last quarter. Lion Street Advisors LLC boosted its holdings in International Business Machines by 15.7% in the fourth quarter. Lion Street Advisors LLC now owns 6,624 shares of the technology company’s stock worth $1,456,000 after acquiring an additional 900 shares in the last quarter. Country Club Bank boosted its holdings in International Business Machines by 5.5% in the fourth quarter. Country Club Bank now owns 4,608 shares of the technology company’s stock worth $1,015,000 after acquiring an additional 240 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in International Business Machines by 10.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,805 shares of the technology company’s stock worth $22,638,000 after acquiring an additional 9,744 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IBM shares. Sanford C. Bernstein boosted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Morgan Stanley upped their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Bank of America upped their price target on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Wedbush assumed coverage on International Business Machines in a report on Monday. They set an “outperform” rating on the stock. Finally, UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $225.53.

International Business Machines Stock Performance

Shares of IBM opened at $264.30 on Wednesday. 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 business has a 50-day simple moving average of $228.01 and a two-hundred day simple moving average of $215.86. The stock has a market cap of $244.38 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.25.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, analysts expect that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

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.