Compass Ion Advisors LLC Increases Stake in International Business Machines Co. (NYSE:IBM)

Compass Ion Advisors LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,648 shares of the technology company’s stock after acquiring an additional 375 shares during the quarter. Compass Ion Advisors LLC’s holdings in International Business Machines were worth $2,341,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IBM. United Bank increased its position in shares of International Business Machines by 53.3% in the third quarter. United Bank now owns 5,628 shares of the technology company’s stock valued at $1,244,000 after buying an additional 1,956 shares in the last quarter. Quest Partners LLC increased its position in shares of International Business Machines by 23,700.0% in the third quarter. Quest Partners LLC now owns 238 shares of the technology company’s stock valued at $53,000 after buying an additional 237 shares in the last quarter. Drive Wealth Management LLC purchased a new stake in shares of International Business Machines in the third quarter valued at approximately $339,000. New England Asset Management Inc. increased its position in shares of International Business Machines by 3.0% in the third quarter. New England Asset Management Inc. now owns 33,175 shares of the technology company’s stock valued at $7,334,000 after buying an additional 975 shares in the last quarter. Finally, Pathstone Holdings LLC increased its position in shares of International Business Machines by 3.2% in the third quarter. Pathstone Holdings LLC now owns 115,093 shares of the technology company’s stock valued at $25,445,000 after buying an additional 3,558 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $246.80 on Wednesday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The business’s fifty day simple moving average is $245.29 and its 200-day simple moving average is $229.16. The firm has a market cap of $228.85 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. Equities analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.71%. International Business Machines’s dividend payout ratio is presently 104.21%.

Wall Street Analyst Weigh In

Several brokerages recently commented on IBM. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Bank of America boosted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley boosted their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $231.44.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.

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.