Stone Summit Wealth LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

Stone Summit Wealth LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 21.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,446 shares of the technology company’s stock after purchasing an additional 253 shares during the period. Stone Summit Wealth LLC’s holdings in International Business Machines were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LongView Wealth Management acquired a new position in shares of International Business Machines during the 3rd quarter worth $250,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of International Business Machines by 355.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,153 shares of the technology company’s stock valued at $1,581,000 after purchasing an additional 5,581 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in shares of International Business Machines by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 14,000 shares of the technology company’s stock worth $3,095,000 after purchasing an additional 552 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of International Business Machines by 8.9% during the 3rd quarter. Ritholtz Wealth Management now owns 10,596 shares of the technology company’s stock worth $2,342,000 after purchasing an additional 862 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in International Business Machines in the 3rd quarter valued at approximately $248,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IBM shares. Jefferies Financial Group boosted their price target on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. UBS Group boosted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Finally, BMO Capital Markets raised 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 research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $225.53.

International Business Machines Price Performance

IBM stock opened at $252.31 on Monday. The company has a market cap of $233.30 billion, a PE ratio of 39.36, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. 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 50-day moving average price of $229.76 and a two-hundred day moving average price of $217.15. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping 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 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.65%. International Business Machines’s payout ratio is 104.21%.

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.