Beaumont Financial Advisors LLC Acquires 88 Shares of International Business Machines Co. (NYSE:IBM)

Beaumont Financial Advisors LLC boosted its holdings in International Business Machines Co. (NYSE:IBM) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,001 shares of the technology company’s stock after buying an additional 88 shares during the period. Beaumont Financial Advisors LLC’s holdings in International Business Machines were worth $1,472,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC bought a new stake in shares of International Business Machines during the second quarter valued at approximately $28,000. Live Oak Investment Partners acquired a new stake in International Business Machines in the 4th quarter valued at $30,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines in the 3rd quarter valued at $31,000. PCA Investment Advisory Services Inc. acquired a new stake in International Business Machines in the 2nd quarter valued at $31,000. Finally, Stone House Investment Management LLC boosted its stake in International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 0.1 %

Shares of International Business Machines stock opened at $181.63 on Friday. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The business has a 50-day moving average of $188.46 and a two-hundred day moving average of $168.91. The company has a market capitalization of $166.51 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same period in the prior year, the company earned $3.60 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts predict that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.66%. International Business Machines’s dividend payout ratio is currently 81.67%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Jefferies Financial Group assumed coverage on International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 price target on the stock. Societe Generale reaffirmed a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, BMO Capital Markets boosted their price objective on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $178.67.

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.