3,697 Shares in International Business Machines Corporation $IBM Purchased by Financial Planning Hawaii Inc.

Financial Planning Hawaii Inc. purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,697 shares of the technology company’s stock, valued at approximately $1,095,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in International Business Machines by 0.8% in the third quarter. Vanguard Group Inc. now owns 95,776,307 shares of the technology company’s stock worth $27,024,243,000 after acquiring an additional 724,832 shares during the period. State Street Corp increased its position in International Business Machines by 0.3% during the 2nd quarter. State Street Corp now owns 54,536,963 shares of the technology company’s stock valued at $16,076,406,000 after purchasing an additional 147,721 shares during the period. Capital World Investors raised its holdings in International Business Machines by 13.9% in the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock worth $4,809,461,000 after purchasing an additional 2,077,506 shares in the last quarter. Legal & General Group Plc lifted its position in shares of International Business Machines by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company’s stock worth $2,060,536,000 after purchasing an additional 176,219 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of International Business Machines by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,563,164 shares of the technology company’s stock worth $1,639,966,000 after purchasing an additional 46,924 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IBM shares. Evercore boosted their price target on shares of International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. DZ Bank raised International Business Machines to a “hold” rating in a research report on Wednesday, February 11th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Finally, BMO Capital Markets lowered 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 note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $314.60.

Insider Activity at International Business Machines

In related news, Director David N. Farr acquired 1,000 shares of International Business Machines stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of $304.00 per share, with a total value of $304,000.00. Following the transaction, the director directly owned 9,258 shares in the company, valued at approximately $2,814,432. This represents a 12.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Miebach acquired 434 shares of the stock in a transaction on Wednesday, February 25th. The shares were bought at an average price of $233.33 per share, with a total value of $101,265.22. Following the purchase, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 1,484 shares of company stock worth $417,157 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

International Business Machines Stock Up 0.4%

Shares of International Business Machines stock opened at $237.17 on Tuesday. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. The firm has a market cap of $222.47 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.37 and a beta of 0.73. The company has a 50-day moving average of $264.11 and a 200 day moving average of $284.53. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. 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 prior year, the company earned $3.92 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business 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 dividend payout ratio is presently 60.27%.

About International Business Machines

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.