6,150 Shares in International Business Machines Co. (NYSE:IBM) Bought by Millstone Evans Group LLC

Millstone Evans Group LLC acquired a new position 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 fund acquired 6,150 shares of the technology company's stock, valued at approximately $1,352,000. International Business Machines comprises approximately 0.9% of Millstone Evans Group LLC's holdings, making the stock its 21st biggest position.

Other large investors have also modified their holdings of the company. Washington Trust Bank grew its holdings in shares of International Business Machines by 47.9% during the 4th quarter. Washington Trust Bank now owns 1,810 shares of the technology company's stock worth $398,000 after purchasing an additional 586 shares in the last quarter. Wayfinding Financial LLC bought a new stake in International Business Machines in the 4th quarter valued at $582,000. Adams Diversified Equity Fund Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at $28,512,000. Gutierrez Wealth Advisory LLC bought a new position in shares of International Business Machines during the 4th quarter worth about $232,000. Finally, Lee Danner & Bass Inc. boosted its position in shares of International Business Machines by 3.0% during the 4th quarter. Lee Danner & Bass Inc. now owns 13,588 shares of the technology company's stock valued at $2,987,000 after acquiring an additional 390 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IBM. Sanford C. Bernstein upped their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Jefferies Financial Group upped their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. UBS Group lifted their target price on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, January 14th. Morgan Stanley upped their price target 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. Finally, StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and an average target price of $231.44.

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International Business Machines Price Performance

IBM traded up $1.56 during trading on Tuesday, reaching $250.01. 3,132,915 shares of the company were exchanged, compared to its average volume of 3,901,451. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The company's 50-day moving average is $247.40 and its two-hundred day moving average is $230.42. 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 company has a market cap of $231.83 billion, a price-to-earnings ratio of 39.00, 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 data 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 net margin of 9.60% and a return on equity of 38.99%. Research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

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.