Larson Financial Group LLC Has $3.51 Million Stake in International Business Machines Co. (NYSE:IBM)

Larson Financial Group LLC increased its position in International Business Machines Co. (NYSE:IBM - Free Report) by 8.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,986 shares of the technology company's stock after purchasing an additional 1,209 shares during the period. Larson Financial Group LLC's holdings in International Business Machines were worth $3,514,000 at the end of the most recent reporting period.

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

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International Business Machines Price Performance

International Business Machines stock traded down $7.87 during mid-day trading on Tuesday, reaching $249.03. 5,629,213 shares of the company were exchanged, compared to its average volume of 3,924,495. The company has a fifty day simple moving average of $242.03 and a 200-day simple moving average of $227.05. The firm has a market cap of $230.92 billion, a PE ratio of 38.85, a PEG ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. As a group, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared 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 (DPR) is presently 104.21%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on IBM shares. JPMorgan Chase & Co. lifted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Jefferies Financial Group upped their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Morgan Stanley raised their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Bank of America upped their price target 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. Finally, Oppenheimer initiated coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $231.44.

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.