Signal Advisors Wealth LLC Buys 132 Shares of International Business Machines Co. (NYSE:IBM)

Signal Advisors Wealth LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,519 shares of the technology company’s stock after purchasing an additional 132 shares during the period. Signal Advisors Wealth LLC’s holdings in International Business Machines were worth $554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Johnson & White Wealth Management LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at $953,000. Cullen Investment Group LTD. increased its holdings in International Business Machines by 3.2% in the 4th quarter. Cullen Investment Group LTD. now owns 3,985 shares of the technology company’s stock worth $876,000 after acquiring an additional 123 shares during the last quarter. Tealwood Asset Management Inc. raised its stake in International Business Machines by 19.6% in the 4th quarter. Tealwood Asset Management Inc. now owns 2,474 shares of the technology company’s stock valued at $544,000 after acquiring an additional 406 shares during the period. Grandview Asset Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $1,189,000. Finally, Marcum Wealth LLC increased its stake in shares of International Business Machines by 0.5% in the fourth quarter. Marcum Wealth LLC now owns 10,127 shares of the technology company’s stock worth $2,226,000 after purchasing an additional 52 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 0.1 %

Shares of NYSE IBM opened at $217.54 on Wednesday. The business has a 50-day moving average of $222.34 and a 200-day moving average of $210.16. The firm has a market capitalization of $201.15 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 5.18 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. International Business Machines Co. has a 12 month low of $162.62 and a 12 month 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. 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 in the prior year, the firm earned $2.20 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.07%. International Business Machines’s payout ratio is 97.23%.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IBM. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. Sanford C. Bernstein increased their target price on 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. Morgan Stanley lifted their price target on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. BMO Capital Markets increased their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Finally, DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $215.81.

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.