Valley Wealth Managers Inc. Has $4.69 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Valley Wealth Managers Inc. decreased its position in International Business Machines Co. (NYSE:IBM) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,346 shares of the technology company’s stock after selling 1,600 shares during the period. Valley Wealth Managers Inc.’s holdings in International Business Machines were worth $4,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in International Business Machines in the 4th quarter valued at $26,000. Hazlett Burt & Watson Inc. lifted its position in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after acquiring an additional 116 shares in the last quarter. Hara Capital LLC bought a new stake in International Business Machines in the 3rd quarter valued at $29,000. Avondale Wealth Management lifted its position in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Finally, Valued Wealth Advisors LLC lifted its position in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Sanford C. Bernstein boosted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Bank of America boosted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Wedbush assumed coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Finally, UBS Group boosted their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Stock Up 0.6 %

Shares of IBM opened at $260.65 on Tuesday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The firm has a market cap of $241.01 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The firm’s 50-day simple moving average is $232.08 and its 200 day simple moving average is $219.64. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, analysts forecast that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.56%. International Business Machines’s payout ratio is presently 104.21%.

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.