3,157 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Wealthstar Advisors LLC

Wealthstar Advisors LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, Holdings Channel reports. The fund acquired 3,157 shares of the technology company’s stock, valued at approximately $694,000.

A number of other large investors have also made changes to their positions in IBM. LongView Wealth Management acquired a new stake in International Business Machines during the 3rd quarter valued at $250,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in International Business Machines by 355.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,153 shares of the technology company’s stock worth $1,581,000 after acquiring an additional 5,581 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in International Business Machines by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 14,000 shares of the technology company’s stock worth $3,095,000 after acquiring an additional 552 shares during the period. Ritholtz Wealth Management grew its stake in International Business Machines by 8.9% during the 3rd quarter. Ritholtz Wealth Management now owns 10,596 shares of the technology company’s stock valued at $2,342,000 after acquiring an additional 862 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new position in shares of International Business Machines in the 3rd quarter valued at about $248,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on IBM. Wedbush started coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group boosted their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $225.53.

International Business Machines Stock Down 0.4 %

IBM stock opened at $252.31 on Monday. 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 company has a 50-day moving average of $229.76 and a two-hundred day moving average of $217.15. The stock has a market capitalization of $233.30 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72.

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, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

The business 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 $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.65%. International Business Machines’s dividend payout ratio is 104.21%.

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.