Weaver Capital Management LLC Boosts Stake in International Business Machines Corporation $IBM

Weaver Capital Management LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 139.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,409 shares of the technology company’s stock after acquiring an additional 2,567 shares during the period. Weaver Capital Management LLC’s holdings in International Business Machines were worth $1,306,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. purchased a new stake in shares of International Business Machines in the third quarter worth about $28,000. SWAN Capital LLC purchased a new stake in shares of International Business Machines in the third quarter worth about $28,000. Trifecta Capital Advisors LLC boosted its position in shares of International Business Machines by 129.1% in the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock worth $36,000 after buying an additional 71 shares during the period. American Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the third quarter worth about $40,000. Finally, Davis Capital Management purchased a new stake in shares of International Business Machines in the third quarter worth about $54,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity

In other International Business Machines news, Director Michael Miebach purchased 434 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the purchase, the director owned 434 shares in the company, valued at $101,265.22. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David N. Farr purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the purchase, the director owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This represents a 12.11% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 1,484 shares of company stock worth $417,157. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of several analyst reports. Evercore upped their target price on International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Morgan Stanley decreased their target price on International Business Machines from $304.00 to $247.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Bank of America upped their target price on International Business Machines from $315.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of International Business Machines in a research report on Thursday, January 22nd. Finally, BMO Capital Markets decreased their target price on International Business Machines from $350.00 to $290.00 and set a “market perform” rating for the company in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $311.27.

International Business Machines Trading Down 1.4%

NYSE:IBM opened at $241.62 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96. International Business Machines Corporation has a one year low of $215.16 and a one year high of $324.90. The business’s 50-day simple moving average is $257.17 and its 200 day simple moving average is $283.63. The stock has a market cap of $226.64 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.69.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The business had revenue of $19.69 billion for the quarter, compared to analysts’ expectations of $19.23 billion. During the same quarter in the previous year, the firm posted $3.92 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were paid a $1.68 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.8%. International Business Machines’s payout ratio is 60.27%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.