Octavia Wealth Advisors LLC Acquires Shares of 1,490 International Business Machines Co. (NYSE:IBM)

Octavia Wealth Advisors LLC bought a new stake in International Business Machines Co. (NYSE:IBMFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,490 shares of the technology company’s stock, valued at approximately $244,000.

Several other large investors have also modified their holdings of IBM. Cornerstone Planning Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at $28,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines in the 4th quarter valued at $30,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines in the 3rd quarter valued at $31,000. PCA Investment Advisory Services Inc. acquired a new position in shares of International Business Machines in the 2nd quarter valued at $31,000. Finally, Stone House Investment Management LLC boosted its holdings in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 price target for the company. Royal Bank of Canada increased their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Societe Generale reiterated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, BMO Capital Markets increased their price target on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $178.08.

Check Out Our Latest Analysis on IBM

International Business Machines Stock Performance

Shares of IBM opened at $183.77 on Wednesday. The company has a 50-day simple moving average of $188.63 and a 200-day simple moving average of $168.44. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $168.47 billion, a PE ratio of 22.60, a P/E/G ratio of 3.55 and a beta of 0.70. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.60 EPS. Equities research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is currently 81.67%.

International Business Machines Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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