Banque Transatlantique SA Takes $1.82 Million Position in International Business Machines Co. (NYSE:IBM)

Banque Transatlantique SA bought a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 8,323 shares of the technology company’s stock, valued at approximately $1,820,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. increased its holdings in International Business Machines by 5.0% in the fourth quarter. Benjamin Edwards Inc. now owns 96,780 shares of the technology company’s stock worth $21,278,000 after buying an additional 4,635 shares during the last quarter. Alteri Wealth LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $1,175,000. American Trust Investment Advisors LLC raised its stake in shares of International Business Machines by 2.7% in the 4th quarter. American Trust Investment Advisors LLC now owns 34,756 shares of the technology company’s stock valued at $7,640,000 after buying an additional 911 shares in the last quarter. Ancora Advisors LLC lifted its stake in International Business Machines by 15.5% during the fourth quarter. Ancora Advisors LLC now owns 6,839 shares of the technology company’s stock worth $1,503,000 after purchasing an additional 916 shares during the period. Finally, Aptus Capital Advisors LLC boosted its stake in International Business Machines by 100.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 30,149 shares of the technology company’s stock valued at $6,628,000 after buying an additional 15,143 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IBM. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Morgan Stanley reduced their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Friday. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Bank of America upped their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $248.50.

International Business Machines Stock Performance

NYSE:IBM opened at $245.49 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $266.45. The stock’s 50-day moving average is $243.19 and its 200-day moving average is $234.15. The stock has a market cap of $228.16 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period last year, the company earned $1.68 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.74%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is currently 115.66%.

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.