Bogart Wealth LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,003 shares of the technology company's stock after selling 17,006 shares during the quarter. Bogart Wealth LLC's holdings in International Business Machines were worth $10,772,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the fourth quarter worth $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 last quarter. Hara Capital LLC acquired a new stake in shares of International Business Machines during the third quarter valued at about $29,000. Avondale Wealth Management boosted its holdings in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC grew its stake 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 valued at $35,000 after purchasing an additional 90 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on IBM. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Sanford C. Bernstein increased 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 research note on Friday, January 3rd. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Jefferies Financial Group lifted their price target on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Finally, Bank of America increased their target price on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $231.44.
Check Out Our Latest Research Report on IBM
International Business Machines Stock Performance
Shares of International Business Machines stock traded up $1.46 during trading on Monday, hitting $260.65. 3,922,262 shares of the stock were exchanged, compared to its average volume of 5,199,203. The stock has a market cap of $241.01 billion, a PE ratio of 40.66, a P/E/G ratio of 5.57 and a beta of 0.76. The stock's fifty day moving average is $232.08 and its 200 day moving average is $219.64. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.
International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.75 EPS 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. Stockholders 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 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.
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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