Palacios Wealth Management LLC Makes New $999,000 Investment in International Business Machines Co. (NYSE:IBM)

Palacios Wealth Management LLC purchased a new position in International Business Machines Co. (NYSE:IBMFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,513 shares of the technology company’s stock, valued at approximately $999,000. International Business Machines comprises about 1.1% of Palacios Wealth Management LLC’s holdings, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA lifted its position in shares of International Business Machines by 0.4% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 100,327 shares of the technology company’s stock worth $22,055,000 after buying an additional 355 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth about $245,000. Catalyst Financial Partners LLC lifted its position in shares of International Business Machines by 5.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 4,818 shares of the technology company’s stock worth $1,059,000 after buying an additional 270 shares during the last quarter. Life Planning Partners Inc acquired a new stake in shares of International Business Machines in the fourth quarter worth about $36,002,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth about $4,706,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 1.3 %

Shares of IBM opened at $259.07 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. The stock’s 50-day moving average price is $231.15 and its 200 day moving average price is $218.49. The firm has a market capitalization of $239.55 billion, a price-to-earnings ratio of 40.42, a P/E/G ratio of 5.57 and a beta of 0.76. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts predict that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Morgan Stanley lifted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Jefferies Financial Group lifted their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Wedbush assumed coverage on International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $231.44.

Check Out Our Latest Report on International Business Machines

International Business Machines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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