International Business Machines Co. (NYSE:IBM) is Financial Sense Advisors Inc.’s 10th Largest Position

Financial Sense Advisors Inc. decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,563 shares of the technology company’s stock after selling 332 shares during the period. International Business Machines accounts for 1.7% of Financial Sense Advisors Inc.’s portfolio, making the stock its 10th largest position. Financial Sense Advisors Inc.’s holdings in International Business Machines were worth $5,180,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Private Advisor Group LLC lifted its stake in shares of International Business Machines by 73.7% in the 4th quarter. Private Advisor Group LLC now owns 288,856 shares of the technology company’s stock valued at $63,499,000 after purchasing an additional 122,600 shares in the last quarter. Pegasus Asset Management Inc. raised its holdings in International Business Machines by 6.1% in the fourth quarter. Pegasus Asset Management Inc. now owns 2,667 shares of the technology company’s stock valued at $586,000 after buying an additional 153 shares during the period. Laidlaw Wealth Management LLC grew its stake in International Business Machines by 2.7% during the fourth quarter. Laidlaw Wealth Management LLC now owns 3,539 shares of the technology company’s stock worth $778,000 after buying an additional 93 shares during the period. Financial Management Network Inc. increased its position in shares of International Business Machines by 4.6% in the fourth quarter. Financial Management Network Inc. now owns 2,194 shares of the technology company’s stock worth $488,000 after acquiring an additional 96 shares in the last quarter. Finally, Plan Group Financial LLC raised its stake in shares of International Business Machines by 9.2% in the 4th quarter. Plan Group Financial LLC now owns 4,619 shares of the technology company’s stock valued at $1,015,000 after acquiring an additional 388 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wedbush assumed coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Jefferies Financial Group boosted their price target on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Finally, Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $231.44.

International Business Machines Trading Up 0.3 %

Shares of NYSE IBM opened at $263.98 on Thursday. The stock’s 50 day moving average price is $234.00 and its two-hundred day moving average price is $220.96. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The stock has a market capitalization of $244.08 billion, a P/E ratio of 41.18, a PEG ratio of 5.73 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate 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 anticipate that International Business Machines Co. will post 10.77 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.53%. International Business Machines’s dividend payout ratio is currently 104.21%.

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.