International Business Machines Co. (NYSE:IBM) Shares Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC boosted its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,373 shares of the technology company's stock after acquiring an additional 1,243 shares during the period. Arete Wealth Advisors LLC's holdings in International Business Machines were worth $3,159,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Blue Zone Wealth Advisors LLC purchased a new position in International Business Machines during the 4th quarter valued at about $242,000. Brady Martz Wealth Solutions LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $1,940,000. Tranquilli Financial Advisor LLC purchased a new position in shares of International Business Machines in the 4th quarter worth about $373,000. Truist Financial Corp grew its holdings in shares of International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after purchasing an additional 49,591 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of International Business Machines by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock valued at $16,615,000 after buying an additional 4,625 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of the firm'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 sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

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International Business Machines Trading Down 2.6 %

IBM traded down $6.50 on Thursday, hitting $243.49. The company had a trading volume of 5,305,333 shares, compared to its average volume of 4,124,184. The company's fifty day moving average price is $251.41 and its 200 day moving average price is $232.34. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market cap of $225.77 billion, a P/E ratio of 37.99, a PEG ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is 104.21%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IBM shares. Sanford C. Bernstein boosted their target price on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Finally, Bank of America raised their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, International Business Machines presently has an average rating of "Hold" and a consensus price target of $231.13.

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.