Mosley Wealth Management Buys New Holdings in International Business Machines Co. (NYSE:IBM)

Mosley Wealth Management bought a new stake in International Business Machines Co. (NYSE:IBMFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,905 shares of the technology company’s stock, valued at approximately $312,000.

Other hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. lifted its position in International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after acquiring an additional 80,474 shares during the last quarter. Natixis Advisors L.P. lifted its position in International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after acquiring an additional 57,170 shares during the last quarter. Tsfg LLC lifted its position in International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares during the last quarter. Auxano Advisors LLC lifted its position in International Business Machines by 4.8% during the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 156 shares during the last quarter. Finally, Waverly Advisors LLC lifted its position in International Business Machines by 48.1% during the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after acquiring an additional 6,397 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.1 %

Shares of International Business Machines stock opened at $170.01 on Monday. The firm’s 50 day moving average is $174.43 and its 200 day moving average is $175.35. The firm has a market capitalization of $156.17 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 4.19 and a beta of 0.72. International Business Machines Co. has a 1 year low of $129.18 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.

International Business Machines (NYSE:IBMGet Free Report) 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 analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Equities research analysts forecast that International Business Machines Co. will post 9.91 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a $1.67 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.93%. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group cut their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. BNP Paribas began coverage on shares of International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a report on Wednesday, May 22nd. Sanford C. Bernstein raised their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. 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 stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $181.29.

View Our Latest Research Report on IBM

International Business Machines Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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