International Business Machines Co. (NYSE:IBM) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 138.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,730 shares of the technology company's stock after buying an additional 2,163 shares during the period. Miracle Mile Advisors LLC's holdings in International Business Machines were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its stake in shares of International Business Machines by 13.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company's stock worth $13,350,000 after buying an additional 9,155 shares during the last quarter. One Capital Management LLC increased its holdings in International Business Machines by 44.7% during the 2nd quarter. One Capital Management LLC now owns 2,905 shares of the technology company's stock valued at $502,000 after acquiring an additional 898 shares in the last quarter. Financial & Tax Architects LLC raised its position in International Business Machines by 7.4% during the second quarter. Financial & Tax Architects LLC now owns 36,823 shares of the technology company's stock worth $6,369,000 after acquiring an additional 2,522 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of International Business Machines by 3.2% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 88,495 shares of the technology company's stock valued at $15,305,000 after purchasing an additional 2,715 shares in the last quarter. Finally, Wealth Alliance grew its position in shares of International Business Machines by 4.3% in the second quarter. Wealth Alliance now owns 5,945 shares of the technology company's stock valued at $1,028,000 after purchasing an additional 245 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IBM shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Sanford C. Bernstein increased their price objective on 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. BMO Capital Markets boosted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their price target on shares of International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a report on Monday, October 21st. Finally, Bank of America upped their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus price target of $215.81.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by insiders.

International Business Machines Trading Up 1.1 %

IBM stock traded up $2.51 during trading on Thursday, reaching $222.54. 3,327,585 shares of the stock traded hands, compared to its average volume of 3,227,175. The business's 50 day moving average price is $222.47 and its 200-day moving average price is $210.23. The firm has a market capitalization of $205.77 billion, a PE ratio of 32.39, a P/E/G ratio of 4.71 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 52-week low of $162.62 and a 52-week high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter last year, the firm posted $2.20 earnings per share. International Business Machines's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.00%. International Business Machines's dividend payout ratio (DPR) is 97.23%.

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.