MassMutual Private Wealth & Trust FSB Boosts Stock Position in International Business Machines Co. (NYSE:IBM)

MassMutual Private Wealth & Trust FSB raised its stake in International Business Machines Co. (NYSE:IBM) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 8,725 shares of the technology company’s stock after acquiring an additional 255 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in International Business Machines were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Bridgewater Advisors Inc. acquired a new stake in shares of International Business Machines during the fourth quarter worth $2,186,000. True Link Financial Advisors LLC lifted its stake in shares of International Business Machines by 4.6% in the 4th quarter. True Link Financial Advisors LLC now owns 1,920 shares of the technology company’s stock worth $422,000 after acquiring an additional 85 shares during the period. M.E. Allison & CO. Inc. purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $1,034,000. Trueblood Wealth Management LLC increased its stake in shares of International Business Machines by 18.8% during the fourth quarter. Trueblood Wealth Management LLC now owns 3,287 shares of the technology company’s stock worth $722,000 after acquiring an additional 519 shares during the period. Finally, Diversify Wealth Management LLC raised its holdings in International Business Machines by 5.3% during the fourth quarter. Diversify Wealth Management LLC now owns 15,577 shares of the technology company’s stock worth $3,423,000 after purchasing an additional 787 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 0.9 %

International Business Machines stock opened at $224.73 on Tuesday. The stock has a market cap of $207.80 billion, a PE ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a 50-day moving average price of $222.87 and a 200 day moving average price of $211.14. 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) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion during 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%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 earnings per share. Equities research analysts predict that International Business Machines Co. will post 10.16 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 Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on IBM shares. Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $216.87.

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.