Park Avenue Securities LLC Purchases 2,529 Shares of International Business Machines Co. (NYSE:IBM)

Park Avenue Securities LLC increased its position in International Business Machines Co. (NYSE:IBM - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,024 shares of the technology company's stock after purchasing an additional 2,529 shares during the quarter. Park Avenue Securities LLC's holdings in International Business Machines were worth $4,402,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake 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 in the last quarter. Legal & General Group Plc lifted its holdings in shares of International Business Machines by 4.1% during the second quarter. Legal & General Group Plc now owns 8,487,827 shares of the technology company's stock valued at $1,467,974,000 after acquiring an additional 330,694 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of International Business Machines by 6.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock valued at $1,274,074,000 after purchasing an additional 444,698 shares in the last quarter. FMR LLC grew its holdings in shares of International Business Machines by 6.0% in 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 during the last quarter. Finally, Swiss National Bank increased its position in shares of International Business Machines by 0.5% during the 3rd quarter. Swiss National Bank now owns 2,726,700 shares of the technology company's stock worth $602,819,000 after purchasing an additional 12,400 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, December 16th. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. DZ Bank downgraded International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Jefferies Financial Group boosted their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research note on Monday, October 21st. Finally, Bernstein Bank raised their target price on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. Two 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $215.81.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was 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 directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by corporate insiders.

International Business Machines Trading Up 0.9 %

Shares of IBM traded up $2.07 on Friday, reaching $224.73. 5,481,686 shares of the company's stock were exchanged, compared to its average volume of 3,432,262. The stock has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35. The business has a 50 day moving average price of $222.65 and a two-hundred day moving average price of $210.31. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

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

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Tuesday, November 12th. 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.