Mission Creek Capital Partners Inc. Increases Position in International Business Machines Co. (NYSE:IBM)

Mission Creek Capital Partners Inc. raised its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 961.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,063 shares of the technology company's stock after acquiring an additional 16,362 shares during the period. Mission Creek Capital Partners Inc.'s holdings in International Business Machines were worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Berger Financial Group Inc boosted its stake in International Business Machines by 0.6% during the fourth quarter. Berger Financial Group Inc now owns 35,336 shares of the technology company's stock worth $7,768,000 after buying an additional 227 shares during the period. Gerber Kawasaki Wealth & Investment Management raised its position in International Business Machines by 5.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,415 shares of the technology company's stock worth $311,000 after purchasing an additional 67 shares during the period. Rinkey Investments lifted its stake in International Business Machines by 2.1% in the fourth quarter. Rinkey Investments now owns 3,941 shares of the technology company's stock worth $866,000 after purchasing an additional 80 shares during the last quarter. Bolthouse Investments LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $310,000. Finally, Johnson Financial Group Inc. grew its stake in shares of International Business Machines by 16.0% during the fourth quarter. Johnson Financial Group Inc. now owns 653 shares of the technology company's stock valued at $144,000 after buying an additional 90 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

IBM stock traded up $3.14 during trading on Tuesday, reaching $239.30. The company had a trading volume of 3,424,555 shares, compared to its average volume of 4,209,975. The company has a market cap of $221.89 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a 50-day simple moving average of $244.78 and a 200-day simple moving average of $233.94.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company's revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.81%. International Business Machines's payout ratio is currently 114.97%.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

IBM has been the subject of a number of recent analyst reports. Wedbush restated an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a report on Thursday, April 24th. Morgan Stanley reduced their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $276.00 price objective on shares of International Business Machines in a research report on Monday, April 14th. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company 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 given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $242.41.

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.