International Business Machines Co. (NYSE:IBM - Get Free Report) SVP Robert David Thomas sold 26,543 shares of the business'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 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 filing with the SEC, which is accessible through this hyperlink.
IBM traded down $2.40 during trading on Monday, hitting $250.04. The company had a trading volume of 2,976,586 shares, compared to its average volume of 3,929,032. The company has a market capitalization of $231.85 billion, a PE ratio of 39.01, a PEG ratio of 5.81 and a beta of 0.76. 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 Co. has a one year low of $162.62 and a one year high of $265.72. The firm's 50-day moving average price is $238.37 and its 200 day moving average price is $224.58.
International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.
A number of equities research analysts have commented on IBM shares. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday. Sanford C. Bernstein upped their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus price target of $231.44.
View Our Latest Stock Report on International Business Machines
A number of institutional investors have recently made changes to their positions in IBM. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the 4th quarter worth about $26,000. Hazlett Burt & Watson Inc. boosted its position in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in International Business Machines in the third quarter valued at approximately $29,000. Vision Financial Markets LLC acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $31,000. Finally, Avondale Wealth Management raised its stake in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 58.96% of the company's stock.
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.
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