Hamel Associates Inc. Has $2.25 Million Stake in International Business Machines Co. (NYSE:IBM)

Hamel Associates Inc. lowered its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,250 shares of the technology company’s stock after selling 90 shares during the period. Hamel Associates Inc.’s holdings in International Business Machines were worth $2,253,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new position in International Business Machines during the 4th quarter valued at about $26,000. Hazlett Burt & Watson Inc. lifted its position in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC bought a new position in shares of International Business Machines during the 3rd quarter worth approximately $29,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares in the last quarter. Finally, Valued Wealth Advisors LLC lifted its position in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Down 0.2 %

International Business Machines stock opened at $252.63 on Friday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The firm has a market capitalization of $234.25 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 5.81 and a beta of 0.76. 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 firm has a 50 day simple moving average of $238.37 and a 200 day simple moving average of $224.13.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared 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 2.64%. International Business Machines’s dividend payout ratio (DPR) is currently 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.