International Business Machines Co. (NYSE:IBM) Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 72.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,280 shares of the technology company’s stock after purchasing an additional 2,647 shares during the quarter. Telos Capital Management Inc.’s holdings in International Business Machines were worth $1,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brookstone Capital Management grew its stake in International Business Machines by 1.3% in the 3rd quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock valued at $3,658,000 after acquiring an additional 210 shares during the last quarter. CWM LLC grew its stake in International Business Machines by 5.6% in the 3rd 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 grew its stake in International Business Machines by 1.3% in the 3rd quarter. Abner Herrman & Brock LLC now owns 144,568 shares of the technology company’s stock valued at $31,961,000 after acquiring an additional 1,862 shares during the last quarter. Marcum Wealth LLC grew its stake in International Business Machines by 11.8% in the 3rd quarter. Marcum Wealth LLC now owns 10,075 shares of the technology company’s stock valued at $2,227,000 after acquiring an additional 1,062 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in International Business Machines by 6.7% in the 3rd quarter. Wedmont Private Capital now owns 10,354 shares of the technology company’s stock valued at $2,352,000 after acquiring an additional 647 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IBM shares. 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 note on Thursday, January 30th. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Stifel Nicolaus upped their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. Finally, Morgan Stanley upped their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $225.53.

International Business Machines Stock Down 3.8 %

Shares of NYSE:IBM opened at $253.30 on Friday. 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 Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The company has a 50 day moving average of $228.73 and a two-hundred day moving average of $216.19. The company has a market capitalization of $234.21 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping 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%. As a group, analysts forecast that International Business Machines Co. will post 10.73 earnings per share 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. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s 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.