Grove Street Fiduciary LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,454 shares of the technology company's stock, valued at approximately $539,000.
A number of other large investors have also recently modified their holdings of IBM. Compass Financial Services Inc purchased a new position in International Business Machines during the 4th quarter valued at about $26,000. Hazlett Burt & Watson Inc. boosted its stake in shares of International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC purchased a new position in International Business Machines during the third quarter valued at approximately $29,000. Avondale Wealth Management raised its stake in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after buying an additional 56 shares in the last quarter. Finally, Valued Wealth Advisors LLC lifted its holdings in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.
International Business Machines Price Performance
Shares of NYSE:IBM traded down $2.97 during midday trading on Friday, hitting $261.77. The company's stock had a trading volume of 5,665,344 shares, compared to its average volume of 4,735,325. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The company has a market cap of $242.05 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 5.80 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business's 50 day simple moving average is $234.65 and its 200 day simple moving average is $221.26.
International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results 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%. On average, analysts forecast that International Business Machines Co. will post 10.77 EPS for the current year.
International Business Machines Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target on the stock. Wedbush assumed coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating for the company. Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $231.44.
Check Out Our Latest Research Report on IBM
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.
Further Reading
Before you consider International Business Machines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Business Machines wasn't on the list.
While International Business Machines currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
