International Business Machines Co. (NYSE:IBM) Shares Bought by Lifeworks Advisors LLC

Lifeworks Advisors LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,326 shares of the technology company's stock after buying an additional 3,082 shares during the quarter. International Business Machines accounts for approximately 1.3% of Lifeworks Advisors LLC's investment portfolio, making the stock its 13th largest position. Lifeworks Advisors LLC's holdings in International Business Machines were worth $7,326,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc purchased a new position in International Business Machines during the 4th quarter valued at $26,000. Hara Capital LLC purchased a new stake in International Business Machines in the third quarter worth $29,000. Vision Financial Markets LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $31,000. Avondale Wealth Management boosted its stake 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 valued at $34,000 after purchasing an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC grew its holdings in shares of International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IBM shares. Morgan Stanley lifted their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. UBS Group raised 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, January 14th. Sanford C. Bernstein lifted their target price 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. Finally, StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $231.44.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.07% of the company's stock.

International Business Machines Stock Down 3.1 %

Shares of International Business Machines stock traded down $7.87 on Tuesday, reaching $249.03. The stock had a trading volume of 5,629,213 shares, compared to its average volume of 3,924,495. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The company has a 50 day moving average price of $242.03 and a 200 day moving average price of $227.05. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $230.92 billion, a P/E ratio of 38.85, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

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.