Advisors Capital Management LLC Has $81.74 Million Holdings in International Business Machines Co. (NYSE:IBM)

Advisors Capital Management LLC raised its position in International Business Machines Co. (NYSE:IBM) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 371,824 shares of the technology company’s stock after purchasing an additional 485 shares during the quarter. International Business Machines accounts for about 1.3% of Advisors Capital Management LLC’s holdings, making the stock its 10th biggest holding. Advisors Capital Management LLC’s holdings in International Business Machines were worth $81,738,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. JBR Co Financial Management Inc lifted its holdings in International Business Machines by 0.6% during the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock worth $1,405,000 after acquiring an additional 40 shares during the period. Schechter Investment Advisors LLC boosted its stake in shares of International Business Machines by 0.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock valued at $1,396,000 after purchasing an additional 43 shares in the last quarter. Titleist Asset Management LLC increased its holdings in shares of International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock worth $315,000 after buying an additional 43 shares during the period. Callan Capital LLC grew its position in International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock worth $411,000 after acquiring an additional 44 shares during the last quarter. Finally, Marks Group Wealth Management Inc boosted its stake in shares of International Business Machines by 0.4% during the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock valued at $2,292,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

International Business Machines Stock Up 2.6 %

NYSE IBM opened at $235.49 on Friday. The stock has a 50 day moving average price of $249.14 and a 200-day moving average price of $232.95. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a market capitalization of $218.37 billion, a P/E ratio of 36.74, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.84%. International Business Machines’s dividend payout ratio is currently 104.21%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer started coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective on the stock. JPMorgan Chase & Co. increased their target price 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. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Jefferies Financial Group lowered their price target on shares of International Business Machines from $270.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, March 31st. Finally, Wedbush began coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $231.13.

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.