Foundations Investment Advisors LLC Has $8.38 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Foundations Investment Advisors LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 25.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 38,116 shares of the technology company’s stock after buying an additional 7,815 shares during the quarter. Foundations Investment Advisors LLC’s holdings in International Business Machines were worth $8,379,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IBM. Hazlett Burt & Watson Inc. raised its holdings in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of International Business Machines in the 3rd quarter worth about $29,000. Avondale Wealth Management raised its holdings in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after acquiring an additional 56 shares during the last quarter. Valued Wealth Advisors LLC raised its holdings in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after acquiring an additional 90 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 1.5 %

IBM opened at $221.39 on Monday. The company has a 50 day moving average of $224.33 and a 200 day moving average of $212.82. The company has a market cap of $204.71 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.02%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

Insider Activity

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 transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. UBS Group upped their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Two investment 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 data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $220.73.

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.