Impact Partnership Wealth LLC Boosts Stock Position in International Business Machines Co. (NYSE:IBM)

Impact Partnership Wealth LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 64.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,309 shares of the technology company's stock after acquiring an additional 4,049 shares during the period. International Business Machines makes up approximately 0.5% of Impact Partnership Wealth LLC's portfolio, making the stock its 28th biggest holding. Impact Partnership Wealth LLC's holdings in International Business Machines were worth $2,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp grew its holdings in International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after acquiring an additional 1,200,803 shares during the period. Legal & General Group Plc grew its holdings in International Business Machines by 4.1% in the second quarter. Legal & General Group Plc now owns 8,487,827 shares of the technology company's stock valued at $1,467,974,000 after purchasing an additional 330,694 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in International Business Machines by 6.4% in the second quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock valued at $1,274,074,000 after purchasing an additional 444,698 shares during the last quarter. FMR LLC grew its holdings in International Business Machines by 6.0% in the third quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock valued at $1,148,717,000 after purchasing an additional 294,276 shares during the last quarter. Finally, Swiss National Bank grew its holdings in International Business Machines by 0.5% in the third quarter. Swiss National Bank now owns 2,726,700 shares of the technology company's stock valued at $602,819,000 after purchasing an additional 12,400 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on IBM. Sanford C. Bernstein upped their target price 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. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. The Goldman Sachs Group upped their price objective on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Bank of America upped their price objective on International Business Machines from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday. Finally, StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $220.73.

International Business Machines Trading Down 0.6 %

Shares of International Business Machines stock traded down $1.36 during trading hours on Friday, reaching $224.69. The stock had a trading volume of 3,199,962 shares, compared to its average volume of 3,555,546. The firm has a 50 day simple moving average of $223.94 and a two-hundred day simple moving average of $212.00. The firm has a market capitalization of $207.75 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 4.78 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. As a group, equities research analysts anticipate 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. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines's dividend payout ratio (DPR) is 97.23%.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company's stock.

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.