Carlson Capital Management Has $310,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Carlson Capital Management boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,408 shares of the technology company’s stock after buying an additional 267 shares during the period. Carlson Capital Management’s holdings in International Business Machines were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. PDS Planning Inc increased its position in International Business Machines by 15.0% in the 4th quarter. PDS Planning Inc now owns 5,003 shares of the technology company’s stock worth $1,100,000 after purchasing an additional 654 shares during the last quarter. Mystic Asset Management Inc. increased its position in International Business Machines by 143.0% in the 4th quarter. Mystic Asset Management Inc. now owns 17,857 shares of the technology company’s stock worth $3,926,000 after purchasing an additional 10,507 shares during the last quarter. Dopkins Wealth Management LLC increased its position in International Business Machines by 12.3% in the 4th quarter. Dopkins Wealth Management LLC now owns 4,041 shares of the technology company’s stock worth $888,000 after purchasing an additional 441 shares during the last quarter. RD Lewis Holdings Inc. acquired a new position in International Business Machines in the 4th quarter worth about $175,000. Finally, Axxcess Wealth Management LLC increased its position in International Business Machines by 7.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 18,981 shares of the technology company’s stock worth $4,173,000 after purchasing an additional 1,315 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $253.00 on Tuesday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The firm has a market capitalization of $234.60 billion, a PE ratio of 39.47, a PEG ratio of 5.81 and a beta of 0.74. The business’s 50 day moving average is $244.84 and its 200-day moving average is $228.85. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last announced 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%. Sell-side analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on IBM shares. Wedbush started coverage on International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating for the company. UBS Group upped their price target 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. Morgan Stanley upped their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Finally, Bank of America upped their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus target price of $231.44.

About 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.