Blue Zone Wealth Advisors LLC acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,100 shares of the technology company's stock, valued at approximately $242,000.
A number of other large investors have also added to or reduced their stakes in IBM. Compass Financial Services Inc bought a new position in International Business Machines during the 4th quarter worth approximately $26,000. Hazlett Burt & Watson Inc. raised its holdings in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in International Business Machines during the 3rd quarter worth approximately $29,000. Avondale Wealth Management raised its holdings in 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 during the last quarter. Finally, Valued Wealth Advisors LLC raised its holdings in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 58.96% of the company's stock.
International Business Machines Stock Up 0.3 %
NYSE IBM traded up $0.91 during mid-day trading on Wednesday, hitting $263.98. The company's stock had a trading volume of 3,717,544 shares, compared to its average volume of 4,701,587. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $244.08 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 5.73 and a beta of 0.76. The company's 50 day simple moving average is $233.32 and its 200 day simple moving average is $220.66. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72.
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 (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts anticipate that International Business Machines Co. will post 10.77 earnings per share for the current year.
International Business Machines Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio is 104.21%.
Analysts Set New Price Targets
Several research firms have issued reports on IBM. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, January 14th. Oppenheimer assumed coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. Wedbush assumed coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating for the company. Finally, Jefferies Financial Group raised their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $231.44.
Read Our Latest Stock Analysis on International Business Machines
About International Business Machines
(
Free Report)
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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