Private Advisor Group LLC grew its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 73.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,856 shares of the technology company's stock after purchasing an additional 122,600 shares during the period. Private Advisor Group LLC's holdings in International Business Machines were worth $63,499,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of International Business Machines in the fourth quarter worth $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of International Business Machines by 1,054.5% in the third 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 bought a new stake in shares of International Business Machines in the third quarter worth $29,000. Avondale Wealth Management grew its holdings in shares of 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 acquiring an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC grew its holdings 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 worth $35,000 after acquiring an additional 90 shares during the period. Institutional investors own 58.96% of the company's stock.
International Business Machines Price Performance
Shares of International Business Machines stock traded down $2.97 during trading hours 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. The business has a 50 day moving average price of $235.27 and a two-hundred day moving average price of $221.81. 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 PE ratio of 40.84, a PEG 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.
International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Analysts expect that International Business Machines Co. will post 10.77 earnings per share for the current fiscal year.
International Business Machines Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. International Business Machines's dividend payout ratio is currently 104.21%.
Analyst Upgrades and Downgrades
Several analysts recently commented on IBM shares. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. UBS Group lifted their target price on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Oppenheimer began coverage on International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price on the stock. Finally, Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $231.44.
Check Out Our Latest Analysis 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.
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