M Holdings Securities Inc. Makes New $587,000 Investment in International Business Machines Co. (NYSE:IBM)

M Holdings Securities Inc. purchased a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,668 shares of the technology company's stock, valued at approximately $587,000. International Business Machines comprises about 0.4% of M Holdings Securities Inc.'s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position 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 buying an additional 1,200,803 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of International Business Machines by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock valued at $1,465,223,000 after acquiring an additional 126,547 shares during the period. FMR LLC grew its holdings in shares of International Business Machines by 6.0% during the 3rd quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock worth $1,148,717,000 after purchasing an additional 294,276 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of International Business Machines in the fourth quarter worth $592,746,000. Finally, Holocene Advisors LP bought a new stake in International Business Machines during the third quarter worth about $573,306,000. 58.96% of the stock is owned by institutional investors and hedge funds.

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International Business Machines Trading Up 0.2 %

Shares of IBM stock traded up $0.58 on Tuesday, hitting $249.03. The company had a trading volume of 1,148,062 shares, compared to its average volume of 3,901,451. 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 market cap of $230.91 billion, a P/E ratio of 38.84, a P/E/G ratio of 5.81 and a beta of 0.74. The stock's 50-day moving average is $247.40 and its two-hundred day moving average is $230.42.

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%. On average, equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 payout ratio is 104.21%.

Insider Activity

In other 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 value 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 trade represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. Oppenheimer initiated coverage on shares of International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target for the company. BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Morgan Stanley raised their price objective on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group raised their price target on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.