Retireful LLC Makes New $629,000 Investment in International Business Machines Co. (NYSE:IBM)

Retireful LLC acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,861 shares of the technology company's stock, valued at approximately $629,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hazlett Burt & Watson Inc. raised its holdings in 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 worth $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC acquired a new stake in International Business Machines during the 3rd quarter worth $29,000. Avondale Wealth Management lifted its position 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 acquiring an additional 56 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines in the second quarter valued at $36,000. Finally, Modus Advisors LLC purchased a new position in shares of International Business Machines during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

IBM stock traded up $2.07 during trading on Friday, reaching $224.73. 5,481,686 shares of the company were exchanged, compared to its average volume of 3,432,262. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock's 50 day moving average price is $222.65 and its 200 day moving average price is $210.31. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. The company has a market cap of $207.80 billion, a P/E ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.20 EPS. As a group, analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. International Business Machines's dividend payout ratio is presently 97.23%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research reports. DZ Bank downgraded International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price for the company. in a report on Wednesday, October 2nd. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. The Goldman Sachs Group lifted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 30th. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $215.81.

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.