Centerline Wealth Advisors LLC Takes $458,000 Position in International Business Machines Co. (NYSE:IBM)

Centerline Wealth Advisors LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,083 shares of the technology company’s stock, valued at approximately $458,000. International Business Machines comprises about 0.3% of Centerline Wealth Advisors LLC’s portfolio, making the stock its 25th biggest holding.

A number of other institutional investors have also made changes to their positions in IBM. Brookstone Capital Management grew its position in International Business Machines by 1.3% during the third quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock worth $3,658,000 after buying an additional 210 shares in the last quarter. CWM LLC raised its position in International Business Machines by 5.6% during the third quarter. CWM LLC now owns 126,654 shares of the technology company’s stock valued at $28,001,000 after purchasing an additional 6,712 shares in the last quarter. Abner Herrman & Brock LLC raised its position in International Business Machines by 1.3% during the third quarter. Abner Herrman & Brock LLC now owns 144,568 shares of the technology company’s stock valued at $31,961,000 after purchasing an additional 1,862 shares in the last quarter. Marcum Wealth LLC raised its position in International Business Machines by 11.8% during the third quarter. Marcum Wealth LLC now owns 10,075 shares of the technology company’s stock valued at $2,227,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Wedmont Private Capital raised its position in International Business Machines by 6.7% during the third quarter. Wedmont Private Capital now owns 10,354 shares of the technology company’s stock valued at $2,352,000 after purchasing an additional 647 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE IBM opened at $253.30 on Friday. The company has a fifty day simple moving average of $228.73 and a 200 day simple moving average of $216.19. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market cap of $234.21 billion, a P/E ratio of 39.52, a PEG ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released 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%. Sell-side analysts predict that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.64%. International Business Machines’s dividend payout ratio is currently 104.21%.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Stifel Nicolaus raised their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Bank of America raised their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average price target of $225.53.

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.