Northeast Financial Consultants Inc Has $1.37 Million Position in International Business Machines Co. (NYSE:IBM)

Northeast Financial Consultants Inc lifted its holdings in International Business Machines Co. (NYSE:IBM) by 9.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,246 shares of the technology company’s stock after purchasing an additional 528 shares during the quarter. Northeast Financial Consultants Inc’s holdings in International Business Machines were worth $1,373,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IBM. Compass Financial Services Inc bought a new stake in International Business Machines in the 4th quarter valued at $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $31,000. Valued Wealth Advisors LLC lifted its holdings in shares of International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after purchasing an additional 90 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of International Business Machines during the fourth quarter worth about $35,000. Finally, Tacita Capital Inc grew its holdings in shares of International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after buying an additional 122 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Insider Buying and Selling at International Business Machines

In other International Business Machines 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 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 $11,387,221.07. This represents a 37.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $258.55 on Wednesday. International Business Machines Co. has a 12-month low of $163.53 and a 12-month high of $266.45. The firm has a market capitalization of $240.30 billion, a price-to-earnings ratio of 40.34, a P/E/G ratio of 5.81 and a beta of 0.64. The stock’s 50 day moving average price is $243.26 and its two-hundred day moving average price is $235.35. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share 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 business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the previous year, the firm earned $1.68 EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.60%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is 115.66%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Bank of America boosted their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $276.00 price objective on shares of International Business Machines in a research report on Monday, April 14th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. Jefferies Financial Group reiterated a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $248.50.

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.