Measured Wealth Private Client Group LLC Takes Position in International Business Machines Co. (NYSE:IBM)

Measured Wealth Private Client Group LLC acquired a new position in International Business Machines Co. (NYSE:IBM) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,247 shares of the technology company’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brookstone Capital Management increased its stake in shares of International Business Machines by 1.3% in the third quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock valued at $3,658,000 after buying an additional 210 shares during the period. CWM LLC boosted its holdings in International Business Machines by 5.6% in the third quarter. CWM LLC now owns 126,654 shares of the technology company’s stock valued at $28,001,000 after acquiring an additional 6,712 shares during the last quarter. Abner Herrman & Brock LLC increased its position in International Business Machines by 1.3% during the 3rd quarter. Abner Herrman & Brock LLC now owns 144,568 shares of the technology company’s stock valued at $31,961,000 after purchasing an additional 1,862 shares during the period. Marcum Wealth LLC raised its holdings in International Business Machines by 11.8% during the 3rd quarter. Marcum Wealth LLC now owns 10,075 shares of the technology company’s stock worth $2,227,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in shares of International Business Machines by 6.7% in the 3rd quarter. Wedmont Private Capital now owns 10,354 shares of the technology company’s stock worth $2,352,000 after purchasing an additional 647 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 3.8 %

Shares of NYSE IBM opened at $253.30 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company has a 50-day moving average price of $228.73 and a 200-day moving average price of $216.19. The stock has a market capitalization of $234.21 billion, a P/E ratio of 39.52, a P/E/G ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities research analysts forecast that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Analysts Set New Price Targets

IBM has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Sanford C. Bernstein raised their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Finally, Wedbush began coverage on International Business Machines in a report on Monday. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $225.53.

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.