International Business Machines Co. (NYSE:IBM) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,181,333 shares of the technology company's stock after acquiring an additional 5,897 shares during the quarter. PNC Financial Services Group Inc. owned about 0.13% of International Business Machines worth $259,692,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the 4th quarter valued at $26,000. Hara Capital LLC acquired a new stake in International Business Machines in the 3rd quarter valued at $29,000. Vision Financial Markets LLC purchased a new position in International Business Machines in the fourth quarter valued at about $31,000. Avondale Wealth Management lifted its stake in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Finally, Valued Wealth Advisors LLC boosted its position in shares of International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on IBM shares. UBS Group raised their target price on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Sanford C. Bernstein lifted their price objective 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. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, Morgan Stanley upped their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $231.44.

International Business Machines Stock Performance

IBM traded down $7.87 during trading hours on Tuesday, hitting $249.03. 5,629,213 shares of the stock were exchanged, compared to its average volume of 3,924,495. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The stock has a 50-day simple moving average of $242.03 and a 200-day simple moving average of $227.05. The stock has a market cap of $230.92 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. Analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

International Business Machines 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.