By otakuyassine3@gmail.com 
Richard C. Young & CO. LTD. increased its position in shares of International Business Machines Co. (NYSE:IBM – Free Report) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,734 shares of the technology company’s stock after buying an additional 416 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in International Business Machines were worth $14,450,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its holdings 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 purchasing an additional 116 shares during the last quarter. Hara Capital LLC purchased a new position in International Business Machines during the 3rd quarter valued at about $29,000. Avondale Wealth Management grew its position in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Valued Wealth Advisors LLC lifted its position in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares in the last quarter. Finally, Modus Advisors LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at approximately $40,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.
International Business Machines Stock Performance
Shares of IBM opened at $252.31 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.04 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 has a 50-day simple moving average of $229.76 and a 200-day simple moving average of $216.92. The company has a market capitalization of $233.30 billion, a PE ratio of 39.36, a P/E/G ratio of 5.57 and a beta of 0.76.
International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities research analysts predict that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.
International Business Machines Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Wedbush assumed coverage on International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Bank of America increased their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group increased their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Finally, Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $225.53.
Check Out Our Latest Analysis on IBM
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.
See Also
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