Rothschild Capital Partners LLC Invests $235,000 in International Business Machines Co. (NYSE:IBM)

Rothschild Capital Partners LLC acquired a new stake in International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,070 shares of the technology company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Vanguard Group Inc. boosted its position in shares of 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 worth $20,189,023,000 after buying an additional 1,539,888 shares during the period. Geode Capital Management LLC boosted its position in International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company’s stock worth $4,589,145,000 after acquiring an additional 427,499 shares during the last quarter. Capital World Investors grew its stake in shares of International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of International Business Machines by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company’s stock valued at $1,465,223,000 after purchasing an additional 126,547 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of International Business Machines in the fourth quarter worth $1,236,176,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

International Business Machines Stock Down 6.6 %

IBM opened at $229.29 on Friday. The stock has a fifty day moving average of $245.94 and a 200-day moving average of $233.89. The company has a market capitalization of $212.61 billion, a P/E ratio of 35.77, a P/E/G ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. 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 (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. On average, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IBM. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Bank of America lifted 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. Morgan Stanley reduced their price target on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a research report on Thursday. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of International Business Machines in a research note on Thursday. Finally, UBS Group reissued a “sell” rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $242.41.

International Business Machines 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.