Cassaday & Co Wealth Management LLC Raises Position in International Business Machines Co. (NYSE:IBM)

Cassaday & Co Wealth Management LLC boosted its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,296 shares of the technology company's stock after purchasing an additional 1,212 shares during the period. Cassaday & Co Wealth Management LLC's holdings in International Business Machines were worth $3,143,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IBM. Compass Financial Services Inc purchased a new position in shares of International Business Machines in the fourth quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. boosted its position in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after buying an additional 116 shares during the period. Hara Capital LLC acquired a new position in shares of International Business Machines in the third quarter worth $29,000. Avondale Wealth Management increased its position in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC raised its stake in shares of International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after acquiring an additional 90 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on 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 upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Wedbush started coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating for the company. Finally, Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus price target of $231.44.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $2.97 on Friday, hitting $261.77. The stock had a trading volume of 5,665,344 shares, compared to its average volume of 4,735,325. The stock has a market cap of $242.05 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 5.80 and a beta of 0.76. 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 Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The company's 50 day moving average price is $234.65 and its 200 day moving average price is $221.26.

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 for the quarter, beating 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, research analysts anticipate that International Business Machines Co. will post 10.77 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. International Business Machines's dividend payout ratio is presently 104.21%.

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.