International Business Machines Co. (NYSE:IBM) Shares Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,805 shares of the technology company’s stock after acquiring an additional 179 shares during the period. Avidian Wealth Enterprises LLC’s holdings in International Business Machines were worth $1,716,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. TFB Advisors LLC boosted its position in shares of International Business Machines by 22.2% in the 4th quarter. TFB Advisors LLC now owns 1,122 shares of the technology company’s stock worth $247,000 after buying an additional 204 shares in the last quarter. Capital Advisors Inc. OK raised its position in International Business Machines by 0.4% during the fourth quarter. Capital Advisors Inc. OK now owns 281,891 shares of the technology company’s stock worth $61,968,000 after acquiring an additional 1,171 shares during the last quarter. Certuity LLC lifted its holdings in shares of International Business Machines by 10.0% in the fourth quarter. Certuity LLC now owns 2,187 shares of the technology company’s stock valued at $481,000 after purchasing an additional 199 shares in the last quarter. Authentikos Wealth Advisory LLC grew its position in shares of International Business Machines by 110.0% in the fourth quarter. Authentikos Wealth Advisory LLC now owns 1,363 shares of the technology company’s stock valued at $300,000 after purchasing an additional 714 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its stake in shares of International Business Machines by 3.6% during the 4th quarter. Leavell Investment Management Inc. now owns 19,158 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 2.2 %

Shares of IBM opened at $254.85 on Wednesday. The firm has a market cap of $235.65 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company’s fifty day moving average is $230.19 and its two-hundred day moving average is $217.78. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72.

International Business Machines (NYSE:IBM) last posted its quarterly 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 return on equity of 38.99% and a net margin of 9.60%. Analysts forecast that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analysts Set New Price Targets

IBM has been the topic of a number of recent research reports. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Stifel Nicolaus upped their price objective on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wedbush started coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. UBS Group upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $231.44.

International Business Machines 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.