Joel Isaacson & Co. LLC Purchases 390 Shares of International Business Machines Co. (NYSE:IBM)

Joel Isaacson & Co. LLC lifted its holdings in International Business Machines Co. (NYSE:IBM) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,984 shares of the technology company’s stock after acquiring an additional 390 shares during the period. Joel Isaacson & Co. LLC’s holdings in International Business Machines were worth $3,734,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management increased its stake in International Business Machines by 1.3% during the 3rd quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock worth $3,658,000 after acquiring an additional 210 shares during the period. CWM LLC increased its position in shares of International Business Machines by 5.6% in the third quarter. CWM LLC now owns 126,654 shares of the technology company’s stock worth $28,001,000 after purchasing an additional 6,712 shares during the period. Cypress Wealth Services LLC raised its stake in International Business Machines by 5.1% in the third quarter. Cypress Wealth Services LLC now owns 1,467 shares of the technology company’s stock valued at $324,000 after purchasing an additional 71 shares in the last quarter. Watts Gwilliam & Co. LLC bought a new stake in International Business Machines during the third quarter worth about $519,000. Finally, Cerro Pacific Wealth Advisors LLC grew its stake in International Business Machines by 14.9% during the third quarter. Cerro Pacific Wealth Advisors LLC now owns 2,338 shares of the technology company’s stock worth $517,000 after buying an additional 303 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 0.4 %

Shares of IBM stock opened at $252.31 on Friday. The stock has a 50-day moving average of $229.26 and a 200-day moving average of $216.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a market cap of $233.30 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping 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, equities research analysts forecast that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Morgan Stanley raised their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Bank of America raised their price objective on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $225.53.

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.