Regal Investment Advisors LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

Regal Investment Advisors LLC increased its stake in International Business Machines Co. (NYSE:IBM) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,693 shares of the technology company’s stock after buying an additional 485 shares during the quarter. Regal Investment Advisors LLC’s holdings in International Business Machines were worth $4,989,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IBM. Norges Bank purchased a new position in International Business Machines in the fourth quarter valued at about $1,236,176,000. Raymond James Financial Inc. purchased a new position in International Business Machines in the fourth quarter valued at approximately $592,746,000. Vanguard Group Inc. grew its holdings in International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company’s stock valued at $20,189,023,000 after purchasing an additional 1,539,888 shares during the period. KBC Group NV increased its position in International Business Machines by 90.4% in the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock worth $370,909,000 after buying an additional 800,930 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of International Business Machines by 23,311.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock valued at $153,262,000 after buying an additional 694,204 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of several research reports. Wedbush initiated coverage on International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating for the company. Bank of America increased their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Oppenheimer assumed coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Finally, Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Two research 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 company’s stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $232.75.

International Business Machines Stock Performance

NYSE:IBM opened at $239.15 on Tuesday. The stock has a market cap of $221.76 billion, a P/E ratio of 37.31, a PEG ratio of 5.81 and a beta of 0.67. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The business’s 50-day moving average price is $248.67 and its two-hundred day moving average price is $233.14. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. 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 company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.79%. International Business Machines’s dividend payout ratio is presently 104.21%.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

About International Business Machines

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.