1,400 Shares in International Business Machines Co. (NYSE:IBM) Bought by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC purchased a new position in International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,400 shares of the technology company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sterling Financial Planning Inc. increased its stake in shares of International Business Machines by 10.8% in the fourth quarter. Sterling Financial Planning Inc. now owns 2,353 shares of the technology company’s stock worth $385,000 after buying an additional 230 shares during the last quarter. Fidelis Capital Partners LLC increased its stake in International Business Machines by 31.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 2,245 shares of the technology company’s stock valued at $367,000 after purchasing an additional 539 shares during the last quarter. Trust Investment Advisors increased its stake in International Business Machines by 11.6% during the fourth quarter. Trust Investment Advisors now owns 11,963 shares of the technology company’s stock valued at $1,957,000 after purchasing an additional 1,240 shares during the last quarter. Xponance Inc. increased its stake in International Business Machines by 7.6% during the fourth quarter. Xponance Inc. now owns 121,641 shares of the technology company’s stock valued at $19,894,000 after purchasing an additional 8,597 shares during the last quarter. Finally, Cambridge Trust Co. increased its stake in International Business Machines by 21.6% during the fourth quarter. Cambridge Trust Co. now owns 16,435 shares of the technology company’s stock valued at $2,686,000 after purchasing an additional 2,920 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock traded down $1.66 during trading on Thursday, hitting $181.44. The company had a trading volume of 2,886,449 shares, compared to its average volume of 4,803,908. The firm has a market capitalization of $166.33 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 3.60 and a beta of 0.70. The business has a 50 day moving average of $188.61 and a 200 day moving average of $168.54. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.60 earnings per share. As a group, research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Royal Bank of Canada boosted their target price on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $190.00 price target on shares of International Business Machines in a report on Wednesday. Finally, Societe Generale reissued a “sell” rating and set a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $178.67.

International Business Machines Company 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.