Boyd Wealth Management LLC Acquires Shares of 1,333 International Business Machines Co. (NYSE:IBM)

Boyd Wealth Management LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,333 shares of the technology company’s stock, valued at approximately $218,000.

A number of other institutional investors have also modified their holdings of IBM. Desjardins Global Asset Management Inc. increased its position in shares of International Business Machines by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after acquiring an additional 54 shares during the period. Avion Wealth grew its stake in shares of International Business Machines by 6.2% during the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares in the last quarter. Financial Security Advisor Inc. grew its stake in shares of International Business Machines by 2.7% during the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after purchasing an additional 61 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of International Business Machines by 3.6% during the fourth quarter. Cornerstone Wealth Group LLC now owns 1,734 shares of the technology company’s stock worth $284,000 after purchasing an additional 61 shares in the last quarter. Finally, Webster Bank N. A. grew its stake in shares of International Business Machines by 0.9% during the fourth quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IBM shares. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $178.67.

International Business Machines Price Performance

Shares of IBM traded up $0.11 during mid-day trading on Friday, reaching $181.58. 3,036,469 shares of the company’s stock were exchanged, compared to its average volume of 4,780,656. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a 50-day simple moving average of $188.56 and a two-hundred day simple moving average of $168.63. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a market cap of $166.46 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.58 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations 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 revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $3.60 EPS. On average, sell-side analysts predict that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

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.