International Business Machines Co. (NYSE:IBM) Shares Bought by Northern Financial Advisors Inc

Northern Financial Advisors Inc grew its stake in International Business Machines Co. (NYSE:IBM) by 14.0% during the 4th quarter, Holdings Channel reports. The firm owned 7,319 shares of the technology company’s stock after purchasing an additional 900 shares during the quarter. International Business Machines makes up approximately 1.0% of Northern Financial Advisors Inc’s investment portfolio, making the stock its 28th largest position. Northern Financial Advisors Inc’s holdings in International Business Machines were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IBM. Desjardins Global Asset Management Inc. increased its stake in International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after buying an additional 54 shares in the last quarter. Calamos Wealth Management LLC raised its stake in International Business Machines by 2.8% in the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after purchasing an additional 55 shares during the last quarter. Avion Wealth lifted its holdings in International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after purchasing an additional 56 shares in the last quarter. Northwest Capital Management Inc boosted its stake in International Business Machines by 5.0% during the 4th quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after purchasing an additional 59 shares during the last quarter. Finally, Financial Security Advisor Inc. grew its holdings in shares of International Business Machines by 2.7% during the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.6 %

IBM traded up $1.06 on Wednesday, hitting $169.44. The company had a trading volume of 1,127,049 shares, compared to its average volume of 4,905,503. The company’s fifty day moving average price is $185.11 and its 200 day moving average price is $171.88. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The firm has a market cap of $155.65 billion, a P/E ratio of 19.18, a PEG ratio of 4.08 and a beta of 0.74.

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

International Business Machines Increases Dividend

The company 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 dividend of $1.67 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research reports. Sanford C. Bernstein raised their price target on shares of 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. Bank of America raised their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. UBS Group lifted their price objective on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Finally, BNP Paribas started coverage on International Business Machines in a report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price for the company. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.