International Business Machines Co. (NYSE:IBM) Position Boosted by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC lifted its stake in International Business Machines Co. (NYSE:IBM) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,160 shares of the technology company’s stock after purchasing an additional 58 shares during the quarter. Jeppson Wealth Management LLC’s holdings in International Business Machines were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in IBM. Kathmere Capital Management LLC grew its holdings in shares of International Business Machines by 16.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,571 shares of the technology company’s stock valued at $272,000 after acquiring an additional 225 shares in the last quarter. Creative Planning boosted its position in International Business Machines by 6.5% during the second quarter. Creative Planning now owns 286,063 shares of the technology company’s stock valued at $49,475,000 after purchasing an additional 17,475 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in International Business Machines in the second quarter valued at about $520,000. Silver Lake Advisory LLC raised its stake in shares of International Business Machines by 14.2% during the 2nd quarter. Silver Lake Advisory LLC now owns 1,795 shares of the technology company’s stock worth $310,000 after purchasing an additional 223 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of International Business Machines by 30.9% during the 2nd quarter. NewEdge Advisors LLC now owns 107,524 shares of the technology company’s stock valued at $18,597,000 after buying an additional 25,401 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction 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 in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $224.06 on Tuesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market cap of $207.18 billion, a P/E ratio of 32.61, a PEG ratio of 4.78 and a beta of 0.74. The company has a fifty day moving average price of $224.33 and a 200 day moving average price of $212.82. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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 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%.

Analyst Ratings Changes

A number of equities analysts recently commented on IBM shares. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Monday. 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 report on Monday, December 16th. 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 report on Tuesday, January 14th. The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Jefferies Financial Group upped their price target on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $220.73.

International Business Machines Company 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.