HHM Wealth Advisors LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

HHM Wealth Advisors LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,086 shares of the technology company’s stock after purchasing an additional 190 shares during the period. HHM Wealth Advisors LLC’s holdings in International Business Machines were worth $178,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IBM. Naples Money Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $28,000. Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines during the 3rd quarter valued at $31,000. Stone House Investment Management LLC lifted its holdings in shares of International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its holdings in shares of International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Finally, Cordant Inc. increased its position in shares of International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research report on Wednesday, April 17th. Royal Bank of Canada increased their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Sanford C. Bernstein increased their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Jefferies Financial Group decreased their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Finally, Societe Generale reaffirmed a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Performance

Shares of IBM stock traded down $1.78 during mid-day trading on Friday, hitting $167.13. 8,983,796 shares of the stock were exchanged, compared to its average volume of 3,906,041. The stock’s fifty day simple moving average is $187.60 and its two-hundred day simple moving average is $170.34. The stock has a market capitalization of $153.21 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 3.30 and a beta of 0.70. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. On average, analysts forecast that International Business Machines Co. will post 9.99 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.97%. International Business Machines’s dividend payout ratio (DPR) is 75.20%.

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.