Milestone Asset Management LLC Raises Stake in International Business Machines Co. (NYSE:IBM)

Milestone Asset Management LLC grew its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 54.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,230 shares of the technology company's stock after purchasing an additional 4,659 shares during the quarter. Milestone Asset Management LLC's holdings in International Business Machines were worth $2,908,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in International Business Machines by 20,324.5% during the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock worth $600,373,000 after acquiring an additional 2,702,340 shares during the period. Holocene Advisors LP bought a new position in International Business Machines in the 3rd quarter valued at about $573,306,000. State Street Corp increased its holdings in International Business Machines by 2.2% in the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after buying an additional 1,200,803 shares during the period. KBC Group NV increased its holdings in International Business Machines by 90.4% in the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after buying an additional 800,930 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in International Business Machines by 587.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock valued at $134,262,000 after buying an additional 536,785 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 11.9 %

Shares of NYSE:IBM traded up $27.21 during mid-day trading on Thursday, hitting $255.84. The company had a trading volume of 11,408,307 shares, compared to its average volume of 4,257,968. The firm has a fifty day moving average price of $225.24 and a 200 day moving average price of $213.55. The company has a market capitalization of $236.56 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a one year low of $162.62 and a one year high of $261.80.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. As a group, research analysts forecast that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.61%. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Morgan Stanley raised their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research note on Thursday. Stifel Nicolaus raised their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $227.00 to $233.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, UBS Group lifted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus price target of $223.13.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.

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.