Octavia Wealth Advisors LLC Makes New $244,000 Investment in International Business Machines Co. (NYSE:IBM)

Octavia Wealth Advisors LLC acquired a new position in International Business Machines Co. (NYSE:IBM) 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 (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.60 EPS. On average, analysts predict that International Business Machines Co. will post 10.07 EPS for the current year.

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.

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.