Hohimer Wealth Management LLC Has $1.47 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Hohimer Wealth Management LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,976 shares of the technology company’s stock after acquiring an additional 972 shares during the period. Hohimer Wealth Management LLC’s holdings in International Business Machines were worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in IBM. Naples Money Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc bought a new position in International Business Machines in the 3rd quarter valued at approximately $31,000. Stone House Investment Management LLC lifted its stake in International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. raised its stake in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 91 shares during the last quarter. Finally, Cordant Inc. raised its stake in shares of International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after acquiring an additional 226 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 1.4 %

Shares of IBM traded down $2.42 during trading hours on Thursday, reaching $171.27. 1,687,947 shares of the stock traded hands, compared to its average volume of 4,756,032. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock has a fifty day simple moving average of $179.98 and a 200 day simple moving average of $173.73. International Business Machines Co. has a 52 week low of $125.01 and a 52 week high of $199.18. The company has a market cap of $157.33 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 4.27 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. On average, equities analysts forecast that International Business Machines Co. will post 9.91 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a $1.67 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.90%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is 75.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research note on Wednesday. Morgan Stanley lowered their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein lifted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets reduced their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average target price of $181.29.

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.