International Business Machines Co. (NYSE:IBM) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,809 shares of the technology company’s stock after buying an additional 108 shares during the period. Venturi Wealth Management LLC’s holdings in International Business Machines were worth $1,717,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Empower Advisory Group LLC increased its stake in International Business Machines by 13.2% during the 4th quarter. Empower Advisory Group LLC now owns 8,560 shares of the technology company’s stock valued at $1,882,000 after buying an additional 999 shares during the period. Truist Financial Corp increased its stake in International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company’s stock valued at $178,296,000 after buying an additional 49,591 shares during the period. Blue Chip Partners LLC increased its stake in International Business Machines by 4.7% during the 4th quarter. Blue Chip Partners LLC now owns 3,786 shares of the technology company’s stock valued at $832,000 after buying an additional 170 shares during the period. CIBC Asset Management Inc boosted its position in shares of International Business Machines by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 176,580 shares of the technology company’s stock valued at $38,818,000 after purchasing an additional 8,309 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in shares of International Business Machines by 0.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 15,485 shares of the technology company’s stock valued at $3,404,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IBM shares. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Jefferies Financial Group raised their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley raised their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. 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. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $231.44.

International Business Machines Stock Performance

IBM stock opened at $262.85 on Wednesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market cap of $243.04 billion, a P/E ratio of 41.01, a P/E/G ratio of 5.57 and a beta of 0.76. The firm has a 50 day simple moving average of $232.70 and a 200 day simple moving average of $220.14. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 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%. Research analysts anticipate that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm 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. This represents a $6.68 annualized dividend and a yield of 2.54%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is presently 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.