1,556 Shares in International Business Machines Co. (NYSE:IBM) Bought by Partners Wealth Management LLC

Partners Wealth Management LLC bought a new position in International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,556 shares of the technology company’s stock, valued at approximately $342,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Black Diamond Financial LLC bought a new position in shares of International Business Machines during the 4th quarter worth approximately $594,000. Union Bancaire Privee UBP SA bought a new position in International Business Machines in the fourth quarter valued at $2,303,000. Delta Financial Group Inc. acquired a new stake in International Business Machines in the 4th quarter valued at $1,699,000. Ascent Wealth Partners LLC lifted its position in International Business Machines by 0.9% during the 4th quarter. Ascent Wealth Partners LLC now owns 7,209 shares of the technology company’s stock worth $1,585,000 after buying an additional 65 shares in the last quarter. Finally, MONECO Advisors LLC boosted its stake in shares of International Business Machines by 9.3% during the 4th quarter. MONECO Advisors LLC now owns 13,087 shares of the technology company’s stock worth $2,877,000 after buying an additional 1,110 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

International Business Machines stock opened at $261.77 on Monday. The company has a market capitalization of $242.05 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 5.81 and a beta of 0.76. The stock’s 50 day moving average is $235.27 and its 200-day moving average is $222.30. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities research analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several analyst reports. Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. UBS Group upped their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $231.44.

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.