International Business Machines Co. (NYSE:IBM) Stock Position Reduced by Beacon Financial Group

Beacon Financial Group lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,062 shares of the technology company’s stock after selling 223 shares during the period. Beacon Financial Group’s holdings in International Business Machines were worth $673,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $26,000. Hazlett Burt & Watson Inc. raised its position in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC acquired a new stake in shares of International Business Machines during the 3rd quarter worth approximately $29,000. Avondale Wealth Management raised its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC raised its position in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Oppenheimer began coverage on International Business Machines in a research report on Tuesday. They issued an “outperform” rating and a $320.00 target price on the stock. Morgan Stanley raised their target price 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. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets raised their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Two 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 presently has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Performance

IBM opened at $255.86 on Thursday. The firm has a market cap of $236.58 billion, a PE ratio of 39.92, a P/E/G ratio of 5.57 and a beta of 0.76. 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 business has a fifty day simple moving average of $230.70 and a 200-day simple moving average of $218.22. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend 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.