Aaron Wealth Advisors LLC Has $3 Million Position in International Business Machines Corporation $IBM

Aaron Wealth Advisors LLC lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 39.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,112 shares of the technology company’s stock after acquiring an additional 2,838 shares during the period. Aaron Wealth Advisors LLC’s holdings in International Business Machines were worth $2,995,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Mattson Financial Services LLC purchased a new stake in International Business Machines in the 3rd quarter valued at $852,000. Waverton Investment Management Ltd raised its position in International Business Machines by 3.3% in the 3rd quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock valued at $280,439,000 after buying an additional 32,072 shares during the last quarter. NEOS Investment Management LLC raised its position in International Business Machines by 51.7% in the 3rd quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock valued at $32,278,000 after buying an additional 38,973 shares during the last quarter. American National Bank & Trust raised its position in International Business Machines by 26.2% in the 3rd quarter. American National Bank & Trust now owns 12,537 shares of the technology company’s stock valued at $3,537,000 after buying an additional 2,603 shares during the last quarter. Finally, Advisors Capital Management LLC raised its position in International Business Machines by 3.8% in the 3rd quarter. Advisors Capital Management LLC now owns 347,155 shares of the technology company’s stock valued at $97,953,000 after buying an additional 12,623 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In related news, Director Michael Miebach purchased 434 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average cost of $233.33 per share, with a total value of $101,265.22. Following the acquisition, the director owned 434 shares of the company’s stock, valued at $101,265.22. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David N. Farr purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the acquisition, the director directly owned 9,258 shares in the company, valued at $2,814,432. The trade was a 12.11% 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 over the last three months. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IBM shares. Bank of America increased their price target on International Business Machines from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Evercore increased their price target on International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Oppenheimer set a $380.00 price target on International Business Machines and gave the company an “outperform” rating in a research report on Thursday, January 29th. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, Wedbush reissued an “outperform” rating and issued a $340.00 price target on shares of International Business Machines in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and an average price target of $314.60.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $246.25 on Tuesday. The company’s 50-day moving average is $259.22 and its 200 day moving average is $284.08. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96. The company has a market capitalization of $230.99 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.47 and a beta of 0.69. International Business Machines Corporation has a fifty-two week low of $214.50 and a fifty-two week high of $324.90.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results 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. The company had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.92 EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 10th. International Business Machines’s payout ratio is 60.27%.

International Business Machines Profile

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.