International Business Machines Co. (NYSE:IBM) Stake Boosted by Retirement Investment Advisors Inc.

Retirement Investment Advisors Inc. lifted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 42.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,750 shares of the technology company's stock after purchasing an additional 1,110 shares during the quarter. Retirement Investment Advisors Inc.'s holdings in International Business Machines were worth $824,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sanctuary Wealth Management L.L.C. grew its stake in shares of International Business Machines by 8.4% during the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 712 shares of the technology company's stock valued at $157,000 after buying an additional 55 shares during the period. Life Planning Partners Inc acquired a new position in International Business Machines in the fourth quarter valued at $36,002,000. Summit Securities Group LLC grew its position in International Business Machines by 1,428.6% during the fourth quarter. Summit Securities Group LLC now owns 21,400 shares of the technology company's stock valued at $4,704,000 after acquiring an additional 20,000 shares during the period. Schroder Investment Management Group increased its stake in International Business Machines by 18.9% during the fourth quarter. Schroder Investment Management Group now owns 1,186,591 shares of the technology company's stock worth $260,848,000 after acquiring an additional 188,714 shares during the last quarter. Finally, Allianz SE purchased a new position in shares of International Business Machines in the 4th quarter worth about $2,692,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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International Business Machines Stock Up 0.3 %

NYSE IBM traded up $0.82 during trading hours on Wednesday, reaching $251.16. 1,700,028 shares of the company traded hands, compared to its average volume of 4,099,631. The stock has a market capitalization of $232.89 billion, a PE ratio of 39.18, a PEG ratio of 5.81 and a beta of 0.74. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The company has a 50 day moving average of $250.52 and a two-hundred day moving average of $232.13.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. As a group, equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.66%. International Business Machines's payout ratio is 104.21%.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IBM shares. Sanford C. Bernstein increased their target price 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. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. UBS Group lifted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Wedbush assumed coverage on International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus price target of $231.13.

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.