M Holdings Securities Inc. Takes Position in International Business Machines Co. (NYSE:IBM)

M Holdings Securities Inc. acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 12,137 shares of the technology company's stock, valued at approximately $2,668,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Passumpsic Savings Bank boosted its position in International Business Machines by 3.8% in the third quarter. Passumpsic Savings Bank now owns 2,045 shares of the technology company's stock valued at $452,000 after buying an additional 74 shares in the last quarter. Virtu Financial LLC bought a new position in International Business Machines in the third quarter valued at about $766,000. Westside Investment Management Inc. grew its holdings in shares of International Business Machines by 12.2% during the third quarter. Westside Investment Management Inc. now owns 919 shares of the technology company's stock worth $188,000 after purchasing an additional 100 shares during the last quarter. SOA Wealth Advisors LLC. raised its holdings in International Business Machines by 4.6% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 3,140 shares of the technology company's stock valued at $694,000 after buying an additional 139 shares during the last quarter. Finally, Diamant Asset Management Inc. grew its holdings in International Business Machines by 11.0% during the 3rd quarter. Diamant Asset Management Inc. now owns 1,610 shares of the technology company's stock worth $356,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 0.1 %

Shares of IBM stock traded down $0.12 on Friday, hitting $238.45. The stock had a trading volume of 4,626,569 shares, compared to its average volume of 4,227,391. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock has a market cap of $221.10 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The business has a 50 day moving average of $247.61 and a 200 day moving average of $233.49.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.80%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated 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 completion of the transaction, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IBM has been the subject of a number of recent research reports. Sanford C. Bernstein increased 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. Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price for the company. The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Wedbush initiated coverage on International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. Finally, BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus target price of $232.75.

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.