Life Planning Partners Inc Invests $36 Million in International Business Machines Co. (NYSE:IBM)

Life Planning Partners Inc acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 163,773 shares of the technology company's stock, valued at approximately $36,002,000. International Business Machines accounts for 5.0% of Life Planning Partners Inc's investment portfolio, making the stock its 2nd largest position.

Several other large investors have also bought and sold shares of IBM. Norges Bank acquired a new stake in shares of International Business Machines during the fourth quarter worth $1,236,176,000. Raymond James Financial Inc. acquired a new stake in International Business Machines during the 4th quarter worth about $592,746,000. Holocene Advisors LP bought a new position in shares of International Business Machines in the 3rd quarter worth about $573,306,000. Vanguard Group Inc. lifted its stake in shares of International Business Machines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after purchasing an additional 1,539,888 shares during the period. Finally, State Street Corp grew its stake 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 purchasing an additional 1,200,803 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of IBM stock traded up $0.82 during trading on Wednesday, hitting $251.16. The company's stock had a trading volume of 1,700,028 shares, compared to its average volume of 4,099,631. The business has a fifty day moving average of $250.52 and a 200-day moving average of $232.13. The company has a market cap of $232.89 billion, a PE ratio of 39.18, a P/E/G ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

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International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America increased their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, January 14th. BMO Capital Markets upped their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $231.13.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the 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 transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company 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.