CFC Planning Co LLC Takes Position in International Business Machines Co. (NYSE:IBM)

CFC Planning Co LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,044 shares of the technology company’s stock, valued at approximately $1,549,000. International Business Machines makes up approximately 1.7% of CFC Planning Co LLC’s portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBM. Creative Planning increased its holdings in shares of International Business Machines by 5.1% during the third quarter. Creative Planning now owns 300,740 shares of the technology company’s stock valued at $66,488,000 after acquiring an additional 14,677 shares in the last quarter. Regatta Capital Group LLC bought a new stake in shares of International Business Machines during the third quarter valued at approximately $213,000. Foster Victor Wealth Advisors LLC increased its holdings in shares of International Business Machines by 5.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 2,061 shares of the technology company’s stock valued at $483,000 after acquiring an additional 100 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of International Business Machines by 109.9% during the third quarter. Wolff Wiese Magana LLC now owns 466 shares of the technology company’s stock valued at $103,000 after acquiring an additional 244 shares in the last quarter. Finally, Twelve Points Wealth Management LLC increased its holdings in shares of International Business Machines by 9.6% during the third quarter. Twelve Points Wealth Management LLC now owns 12,279 shares of the technology company’s stock valued at $2,715,000 after acquiring an additional 1,076 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.3 %

Shares of NYSE IBM opened at $259.07 on Friday. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The business’s fifty day moving average price is $231.15 and its 200-day moving average price is $218.49. The stock has a market capitalization of $239.55 billion, a PE ratio of 40.42, a P/E/G ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 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%. On average, equities research analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several analyst reports. Oppenheimer initiated coverage on International Business Machines in a research report on Tuesday. They set an “outperform” rating and a $320.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Wedbush initiated coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group lifted their target price on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $231.44.

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.