Onefund LLC Has $545,000 Stake in International Business Machines Co. (NYSE:IBM)

Onefund LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,479 shares of the technology company’s stock after buying an additional 60 shares during the quarter. Onefund LLC’s holdings in International Business Machines were worth $545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pettinga Financial Advisors LLC bought a new position in International Business Machines in the third quarter valued at approximately $221,000. Congress Asset Management Co. bought a new position in International Business Machines in the third quarter valued at approximately $11,809,000. Baron Silver Stevens Financial Advisors LLC bought a new position in International Business Machines in the third quarter valued at approximately $267,000. Summit Wealth Partners LLC lifted its stake in International Business Machines by 5.5% in the third quarter. Summit Wealth Partners LLC now owns 1,934 shares of the technology company’s stock valued at $428,000 after buying an additional 101 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in International Business Machines by 4.5% in the third quarter. Stephens Inc. AR now owns 70,695 shares of the technology company’s stock valued at $15,629,000 after buying an additional 3,075 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.2 %

Shares of International Business Machines stock opened at $252.63 on Friday. The firm has a 50-day moving average of $238.37 and a 200-day moving average of $224.13. The stock has a market cap of $234.25 billion, a PE ratio of 39.41, a PEG ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. International Business Machines’s payout ratio is presently 104.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Morgan Stanley lifted 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 report on Thursday, January 30th. UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. Finally, Wedbush initiated coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus price target of $231.44.

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.