MBL Wealth LLC Grows Position in International Business Machines Corporation $IBM

MBL Wealth LLC boosted its stake in International Business Machines Corporation (NYSE:IBM) by 73.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,195 shares of the technology company’s stock after purchasing an additional 3,477 shares during the quarter. MBL Wealth LLC’s holdings in International Business Machines were worth $2,427,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mattson Financial Services LLC purchased a new stake in International Business Machines in the third quarter valued at approximately $852,000. Waverton Investment Management Ltd grew its holdings in International Business Machines by 3.3% in the third quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock valued at $280,439,000 after purchasing an additional 32,072 shares during the period. NEOS Investment Management LLC grew its holdings in International Business Machines by 51.7% in the third quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock valued at $32,278,000 after purchasing an additional 38,973 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in International Business Machines by 30.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock valued at $3,887,000 after purchasing an additional 3,029 shares during the period. Finally, American National Bank & Trust grew its holdings in International Business Machines by 26.2% in the third quarter. American National Bank & Trust now owns 12,537 shares of the technology company’s stock valued at $3,537,000 after purchasing an additional 2,603 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director David N. Farr bought 1,000 shares of International Business Machines stock in a transaction dated Friday, January 30th. The shares were acquired at an average cost of $304.00 per share, with a total value of $304,000.00. Following the completion of the transaction, the director owned 9,258 shares in the company, valued at approximately $2,814,432. This trade represents a 12.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Miebach bought 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the transaction, the director owned 434 shares of the company’s stock, valued at approximately $101,265.22. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 1,484 shares of company stock worth $417,157. Corporate insiders own 0.27% of the company’s stock.

International Business Machines Price Performance

IBM opened at $244.79 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67. International Business Machines Corporation has a 52-week low of $215.16 and a 52-week high of $324.90. The company has a 50 day moving average of $258.23 and a two-hundred day moving average of $283.92. The company has a market cap of $229.63 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.47 and a beta of 0.69.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company had revenue of $19.69 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same period in the previous year, the firm earned $3.92 earnings per share. International Business Machines’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 10th. International Business Machines’s payout ratio is presently 60.27%.

Analyst Ratings Changes

IBM has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $325.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective for the company in a research note on Wednesday, February 25th. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. BMO Capital Markets decreased their price objective on shares of International Business Machines from $350.00 to $290.00 and set a “market perform” rating for the company in a research note on Thursday, March 19th. Finally, Wedbush reiterated an “outperform” rating and set a $340.00 price objective on shares of International Business Machines in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $314.60.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.