CHURCHILL MANAGEMENT Corp Has $15.08 Million Holdings in International Business Machines Co. (NYSE:IBM)

CHURCHILL MANAGEMENT Corp boosted its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,597 shares of the technology company's stock after purchasing an additional 1,891 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in International Business Machines were worth $15,080,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. grew its position in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC bought a new stake in shares of International Business Machines during the third quarter worth $29,000. Avondale Wealth Management raised its holdings in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines in the 2nd quarter valued at $36,000. Finally, Modus Advisors LLC acquired a new position in International Business Machines in the 4th quarter worth $40,000. Institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IBM shares. UBS Group increased their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday. BMO Capital Markets raised their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research report on Thursday, October 24th. Bernstein Bank boosted their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $215.81.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This trade represents a 12.42 % 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. Company insiders own 0.07% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $2.51 during mid-day trading on Thursday, reaching $222.54. 3,327,585 shares of the company were exchanged, compared to its average volume of 3,227,175. The stock has a market capitalization of $205.77 billion, a P/E ratio of 32.39, a P/E/G ratio of 4.71 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company's 50-day simple moving average is $222.47 and its 200-day simple moving average is $210.23. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the business posted $2.20 earnings per share. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's dividend payout ratio is 97.23%.

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.