Inman Jager Wealth Management LLC Invests $1.90 Million in International Business Machines Co. (NYSE:IBM)

Inman Jager Wealth Management LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,641 shares of the technology company’s stock, valued at approximately $1,900,000. International Business Machines accounts for about 1.5% of Inman Jager Wealth Management LLC’s holdings, making the stock its 17th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Tyche Wealth Partners LLC grew its stake in shares of International Business Machines by 5.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 3,065 shares of the technology company’s stock valued at $674,000 after buying an additional 146 shares during the last quarter. Vestia Personal Wealth Advisors bought a new position in International Business Machines in the 4th quarter valued at $284,000. Tectonic Advisors LLC increased its stake in International Business Machines by 5.8% in the fourth quarter. Tectonic Advisors LLC now owns 49,527 shares of the technology company’s stock worth $10,888,000 after purchasing an additional 2,702 shares during the period. Massachusetts Wealth Management lifted its position in shares of International Business Machines by 17.3% during the fourth quarter. Massachusetts Wealth Management now owns 4,410 shares of the technology company’s stock worth $969,000 after purchasing an additional 650 shares during the last quarter. Finally, Lion Street Advisors LLC boosted its stake in shares of International Business Machines by 15.7% during the fourth quarter. Lion Street Advisors LLC now owns 6,624 shares of the technology company’s stock valued at $1,456,000 after purchasing an additional 900 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted 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 report on Thursday, January 30th. Jefferies Financial Group boosted their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Wedbush initiated coverage on International Business Machines in a research report on Monday. They set an “outperform” rating for the company. Sanford C. Bernstein raised their price target on 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. Finally, BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $225.53.

International Business Machines Price Performance

Shares of IBM opened at $263.03 on Thursday. The firm has a market capitalization of $243.21 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company’s fifty day moving average price is $228.01 and its 200-day moving average price is $215.86. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities research analysts predict that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 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.