POM Investment Strategies LLC Has $264,000 Stock Position in International Business Machines Co. (NYSE:IBM)

POM Investment Strategies LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 79.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,202 shares of the technology company’s stock after purchasing an additional 531 shares during the quarter. International Business Machines accounts for approximately 0.2% of POM Investment Strategies LLC’s holdings, making the stock its 28th biggest position. POM Investment Strategies LLC’s holdings in International Business Machines were worth $264,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sapient Capital LLC increased its holdings in shares of International Business Machines by 3.0% during the 4th quarter. Sapient Capital LLC now owns 2,832 shares of the technology company’s stock worth $623,000 after purchasing an additional 82 shares during the period. Arlington Trust Co LLC raised its holdings in International Business Machines by 36.3% in the 4th quarter. Arlington Trust Co LLC now owns 1,946 shares of the technology company’s stock valued at $428,000 after acquiring an additional 518 shares in the last quarter. Soltis Investment Advisors LLC lifted its position in shares of International Business Machines by 19.9% in the 4th quarter. Soltis Investment Advisors LLC now owns 3,704 shares of the technology company’s stock worth $814,000 after acquiring an additional 614 shares during the period. FSR Wealth Management Ltd. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $207,000. Finally, Cornerstone Planning Group LLC increased its position in shares of International Business Machines by 124.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,081 shares of the technology company’s stock valued at $242,000 after purchasing an additional 599 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 1.3 %

Shares of IBM opened at $248.95 on Tuesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $230.19 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 5.57 and a beta of 0.76. The stock has a fifty day moving average price of $229.76 and a two-hundred day moving average price of $217.38. 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 released 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 predict that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.68%. International Business Machines’s payout ratio is 104.21%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on IBM shares. Jefferies Financial Group raised their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Morgan Stanley raised their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Bank of America raised their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets upped their price objective on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.