Wealthcare Advisory Partners LLC Acquires 907 Shares of International Business Machines Co. (NYSE:IBM)

Wealthcare Advisory Partners LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,794 shares of the technology company’s stock after buying an additional 907 shares during the period. Wealthcare Advisory Partners LLC’s holdings in International Business Machines were worth $2,256,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of IBM. Naples Money Management LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at about $28,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines in the third quarter valued at approximately $31,000. Stone House Investment Management LLC increased its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. raised its position in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Finally, Cordant Inc. lifted its holdings in shares of International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM stock traded up $2.93 on Monday, hitting $168.64. 4,221,712 shares of the stock traded hands, compared to its average volume of 4,970,316. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The firm has a market cap of $154.91 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 4.08 and a beta of 0.74. The firm has a 50 day simple moving average of $185.44 and a two-hundred day simple moving average of $171.66. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the previous year, the firm posted $1.36 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Co. will post 9.92 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is presently 75.20%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research reports. Wedbush upped their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Sanford C. Bernstein boosted their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Stifel Nicolaus restated a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a research note on Wednesday, April 17th. JPMorgan Chase & Co. cut their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $181.29.

About International Business Machines

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.