JFS Wealth Advisors LLC Grows Stake in International Business Machines Co. (NYSE:IBM)

JFS Wealth Advisors LLC increased its holdings in International Business Machines Co. (NYSE:IBM) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,964 shares of the technology company’s stock after buying an additional 122 shares during the period. JFS Wealth Advisors LLC’s holdings in International Business Machines were worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IBM. Meeder Asset Management Inc. increased its position in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after purchasing an additional 166 shares during the last quarter. Blue Zone Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $242,000. Brady Martz Wealth Solutions LLC bought a new stake in shares of International Business Machines during the 4th quarter worth $1,940,000. Tranquilli Financial Advisor LLC purchased a new position in International Business Machines in the fourth quarter worth $373,000. Finally, Philip James Wealth Mangement LLC bought a new position in International Business Machines in the third quarter valued at $5,117,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research reports. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Bank of America increased their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price on the stock. Finally, Jefferies Financial Group upped their price target on shares of 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $260.65 on Monday. The business has a 50 day moving average of $232.08 and a 200 day moving average of $219.45. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The company has a market cap of $241.01 billion, a PE ratio of 40.66, a P/E/G ratio of 5.57 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data 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 net margin of 9.60% and a return on equity of 38.99%. As a group, equities research analysts forecast that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.56%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

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.