Pine Valley Investments Ltd Liability Co Has $5.12 Million Stake in International Business Machines Co. (NYSE:IBM)

Pine Valley Investments Ltd Liability Co lifted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,305 shares of the technology company's stock after acquiring an additional 1,924 shares during the period. Pine Valley Investments Ltd Liability Co's holdings in International Business Machines were worth $5,123,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new stake in International Business Machines during the fourth quarter worth about $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of 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 worth $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC acquired a new position in International Business Machines during the third quarter worth $29,000. Avondale Wealth Management raised its holdings in 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 purchasing an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its stake in shares of 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 buying an additional 90 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $4.75 on Tuesday, hitting $257.12. 6,292,116 shares of the company were exchanged, compared to its average volume of 4,769,297. 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 company's 50 day moving average price is $235.92 and its two-hundred day moving average price is $222.79. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The firm has a market capitalization of $237.74 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM - Get Free Report) last posted 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 return on equity of 38.99% and a net margin of 9.60%. Research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm 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 2.60%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's dividend payout ratio is 104.21%.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Morgan Stanley lifted their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Wednesday, February 5th. Finally, UBS Group upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $231.44.

International Business Machines Profile

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.