Grant Private Wealth Management Inc Makes New Investment in International Business Machines Co. (NYSE:IBM)

Grant Private Wealth Management Inc acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,180 shares of the technology company’s stock, valued at approximately $479,000.

Other hedge funds have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in International Business Machines during the 4th quarter valued at about $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth about $31,000. Avondale Wealth Management boosted its position in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 56 shares during the last quarter. Valued Wealth Advisors LLC increased its holdings in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after buying an additional 90 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in International Business Machines during the 4th quarter worth approximately $35,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.2 %

Shares of NYSE IBM opened at $249.90 on Thursday. The firm has a market cap of $231.72 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The company’s 50-day simple moving average is $251.05 and its 200-day simple moving average is $232.26. 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 $266.45.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.67%. International Business Machines’s dividend payout ratio is presently 104.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in 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 stock a “buy” rating in a research note on Thursday, January 30th. UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Morgan Stanley lifted their price target on 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $231.13.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

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.