International Business Machines Co. (NYSE:IBM) Shares Bought by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC increased its holdings in International Business Machines Co. (NYSE:IBM) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,160 shares of the technology company’s stock after buying an additional 58 shares during the period. Jeppson Wealth Management LLC’s holdings in International Business Machines were worth $1,574,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of IBM. Hazlett Burt & Watson Inc. boosted its stake in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC acquired a new position in International Business Machines during the 3rd quarter valued at approximately $29,000. Avondale Wealth Management grew its stake in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares during the last quarter. Valued Wealth Advisors LLC increased its position in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after buying an additional 90 shares during the period. Finally, Modus Advisors LLC bought a new stake in International Business Machines in the fourth quarter valued at $40,000. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America increased their price objective on shares of International Business Machines from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley raised their price target on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. The Goldman Sachs Group increased their price objective on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research note on Wednesday, October 2nd. Finally, StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $220.73.

International Business Machines Price Performance

NYSE IBM opened at $224.06 on Tuesday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35. The business’s fifty day moving average is $224.33 and its two-hundred day moving average is $212.82. The stock has a market capitalization of $207.18 billion, a P/E ratio of 32.61, a P/E/G ratio of 4.78 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.