Campbell Wealth Management Acquires 3,839 Shares of International Business Machines Co. (NYSE:IBM)

Campbell Wealth Management raised its holdings in International Business Machines Co. (NYSE:IBM) by 226.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,537 shares of the technology company’s stock after buying an additional 3,839 shares during the quarter. International Business Machines makes up about 0.1% of Campbell Wealth Management’s holdings, making the stock its 24th largest position. Campbell Wealth Management’s holdings in International Business Machines were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its position in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after acquiring an additional 166 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $373,000. Philip James Wealth Mangement LLC purchased a new stake in International Business Machines in the 3rd quarter valued at $5,117,000. Finally, Nordea Investment Management AB lifted its stake in International Business Machines by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after acquiring an additional 4,625 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. Bank of America increased their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Jefferies Financial Group boosted their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Up 1.3 %

IBM opened at $259.07 on Friday. The company has a 50 day moving average of $231.15 and a 200 day moving average of $218.49. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The company has a market cap of $239.55 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its quarterly earnings data 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, sell-side analysts expect that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.58%. International Business Machines’s dividend payout ratio is currently 104.21%.

About International Business Machines

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.