Investment Advisory Group LLC Has $368,000 Stake in International Business Machines Co. (NYSE:IBM)

Investment Advisory Group LLC trimmed its stake in International Business Machines Co. (NYSE:IBM) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,247 shares of the technology company’s stock after selling 88 shares during the period. Investment Advisory Group LLC’s holdings in International Business Machines were worth $368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. United Asset Strategies Inc. acquired a new stake in International Business Machines during the 4th quarter worth about $395,000. Imprint Wealth LLC grew its holdings in International Business Machines by 28.8% during the 4th quarter. Imprint Wealth LLC now owns 3,221 shares of the technology company’s stock worth $545,000 after acquiring an additional 720 shares during the period. Hamilton Point Investment Advisors LLC grew its holdings in International Business Machines by 0.8% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 16,060 shares of the technology company’s stock worth $2,627,000 after acquiring an additional 134 shares during the period. Flputnam Investment Management Co. grew its holdings in International Business Machines by 0.3% during the 4th quarter. Flputnam Investment Management Co. now owns 61,584 shares of the technology company’s stock worth $10,072,000 after acquiring an additional 168 shares during the period. Finally, Canton Hathaway LLC grew its holdings in International Business Machines by 452.5% during the 4th quarter. Canton Hathaway LLC now owns 1,221 shares of the technology company’s stock worth $200,000 after acquiring an additional 1,000 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $2.89 during midday trading on Tuesday, reaching $184.14. The company’s stock had a trading volume of 2,269,116 shares, compared to its average volume of 4,823,411. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The firm has a 50 day moving average price of $188.62 and a 200-day moving average price of $168.13. The stock has a market capitalization of $168.81 billion, a P/E ratio of 22.63, a PEG ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

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

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors 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 3.61%. International Business Machines’s payout ratio is 81.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IBM. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. BMO Capital Markets raised their target price on 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. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Royal Bank of Canada raised their price target on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus raised their price target on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $178.08.

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.