Ashton Thomas Private Wealth LLC Acquires 7,290 Shares of International Business Machines Co. (NYSE:IBM)

Ashton Thomas Private Wealth LLC grew its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 82.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,178 shares of the technology company's stock after purchasing an additional 7,290 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in International Business Machines were worth $3,556,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. JBR Co Financial Management Inc boosted its stake in International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after acquiring an additional 40 shares during the last quarter. Schechter Investment Advisors LLC boosted its position in shares of International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after purchasing an additional 43 shares in the last quarter. Callan Capital LLC grew its holdings in shares of International Business Machines by 2.4% in the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock valued at $411,000 after buying an additional 44 shares during the period. Marks Group Wealth Management Inc increased its position in shares of International Business Machines by 0.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock valued at $2,292,000 after buying an additional 45 shares in the last quarter. Finally, First Affirmative Financial Network raised its stake in International Business Machines by 1.5% during the 4th quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company's stock worth $687,000 after buying an additional 46 shares during the period. Institutional investors own 58.96% of the company's stock.

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International Business Machines Stock Down 3.1 %

Shares of NYSE:IBM traded down $7.87 during midday trading on Tuesday, hitting $249.03. The stock had a trading volume of 5,629,213 shares, compared to its average volume of 3,924,494. The company has a market cap of $230.92 billion, a P/E ratio of 38.85, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The business's 50-day simple moving average is $242.03 and its 200-day simple moving average is $227.05. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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, sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 dividend yield of 2.68%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, January 14th. Jefferies Financial Group increased their target price on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Finally, Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $231.44.

Insider Transactions at International Business Machines

In other 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 transaction of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

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.