Callan Family Office LLC boosted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 615.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,822 shares of the technology company's stock after acquiring an additional 7,589 shares during the quarter. Callan Family Office LLC's holdings in International Business Machines were worth $1,939,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. JBR Co Financial Management Inc raised its position in International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after acquiring an additional 40 shares in the last quarter. Schechter Investment Advisors LLC raised its position in International Business Machines by 0.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after acquiring an additional 43 shares in the last quarter. Callan Capital LLC raised its position in International Business Machines by 2.4% in the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after acquiring an additional 44 shares in the last quarter. Marks Group Wealth Management Inc raised its position in International Business Machines by 0.4% in the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock worth $2,292,000 after acquiring an additional 45 shares in the last quarter. Finally, First Affirmative Financial Network raised its position in International Business Machines by 1.5% in the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company's stock worth $687,000 after acquiring an additional 46 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.
In related news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by company insiders.
NYSE:IBM opened at $261.67 on Friday. The stock has a market cap of $242.63 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The stock's 50-day moving average is $241.29 and its two-hundred day moving average is $226.20. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.
International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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 research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. International Business Machines's payout ratio is 104.21%.
Several equities research analysts have commented on IBM shares. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target on the stock. Sanford C. Bernstein lifted their price target on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Finally, Wedbush started coverage on International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $231.44.
Check Out Our Latest Report on International Business Machines
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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