Cantor Fitzgerald Investment Advisors L.P. Has $25.02 Million Stake in International Business Machines Co. (NYSE:IBM)

Cantor Fitzgerald Investment Advisors L.P. cut its position in International Business Machines Co. (NYSE:IBM) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,803 shares of the technology company’s stock after selling 1,102 shares during the period. International Business Machines accounts for approximately 1.7% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 10th biggest holding. Cantor Fitzgerald Investment Advisors L.P.’s holdings in International Business Machines were worth $25,017,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IBM. TFG Advisers LLC raised its holdings in International Business Machines by 7.0% during the fourth quarter. TFG Advisers LLC now owns 11,550 shares of the technology company’s stock worth $2,539,000 after buying an additional 756 shares during the last quarter. MWA Asset Management raised its holdings in shares of International Business Machines by 92.6% in the 4th quarter. MWA Asset Management now owns 5,287 shares of the technology company’s stock worth $1,162,000 after acquiring an additional 2,542 shares during the last quarter. Conning Inc. lifted its holdings in shares of International Business Machines by 7.0% in the fourth quarter. Conning Inc. now owns 5,043 shares of the technology company’s stock valued at $1,109,000 after purchasing an additional 330 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in International Business Machines by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 16,984 shares of the technology company’s stock worth $3,734,000 after buying an additional 390 shares in the last quarter. Finally, Shepherd Financial Partners LLC purchased a new stake in International Business Machines in the 4th quarter valued at $208,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. UBS Group raised their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Stifel Nicolaus increased their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Wedbush initiated coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $225.53.

International Business Machines Stock Performance

NYSE IBM opened at $252.31 on Friday. The stock has a market capitalization of $233.30 billion, a PE ratio of 39.36, a P/E/G ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. 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 business has a 50 day simple moving average of $229.26 and a two-hundred day simple moving average of $216.45.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping 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, research analysts predict that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given 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 yield of 2.65%. International Business Machines’s dividend payout ratio is presently 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.