Octavia Wealth Advisors LLC acquired a new position in International Business Machines Co. (NYSE:IBM – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,490 shares of the technology company’s stock, valued at approximately $244,000.
A number of other hedge funds have also recently added to or reduced their stakes in IBM. Cornerstone Planning Group LLC acquired a new position in shares of International Business Machines during the second quarter valued at $28,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines during the fourth quarter valued at $30,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines during the third quarter valued at $31,000. Stone House Investment Management LLC boosted its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares during the period. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.
International Business Machines Price Performance
NYSE IBM opened at $183.77 on Wednesday. The stock’s 50-day moving average price is $188.63 and its two-hundred day moving average price is $168.44. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The company has a market cap of $168.47 billion, a PE ratio of 22.60, a PEG ratio of 3.55 and a beta of 0.70. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18.
International Business Machines Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.61%. International Business Machines’s payout ratio is presently 81.67%.
Analysts Set New Price Targets
Several research firms recently weighed in on IBM. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America upped their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. BMO Capital Markets upped their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Sanford C. Bernstein upped their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $178.08.
Read Our Latest Report on International Business Machines
International Business Machines Company 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.
See Also
- Five stocks we like better than International Business Machines
- The 3 Best Fintech Stocks to Buy Now
- Prologis Stock Leading U.S. Logistics Boom
- Compound Interest and Why It Matters When Investing
- Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
- Stock Analyst Ratings and Canadian Analyst Ratings
- Are We in a Bull Market? 4 Factors that Determine a Bull Market
Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Co. (NYSE:IBM – Free Report).
Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.