International Business Machines Co. (NYSE:IBM) Shares Purchased by Naples Global Advisors LLC

Naples Global Advisors LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,576 shares of the technology company’s stock after buying an additional 156 shares during the quarter. Naples Global Advisors LLC’s holdings in International Business Machines were worth $3,644,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IBM. Louisbourg Investments Inc. boosted its holdings in International Business Machines by 74.9% during the 4th quarter. Louisbourg Investments Inc. now owns 432 shares of the technology company’s stock valued at $95,000 after acquiring an additional 185 shares during the period. Marks Group Wealth Management Inc lifted its position in shares of International Business Machines by 0.4% during the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock worth $2,292,000 after purchasing an additional 45 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of International Business Machines by 2.3% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 7,805 shares of the technology company’s stock valued at $1,716,000 after purchasing an additional 179 shares during the period. TFB Advisors LLC grew its holdings in shares of International Business Machines by 22.2% in the fourth quarter. TFB Advisors LLC now owns 1,122 shares of the technology company’s stock valued at $247,000 after purchasing an additional 204 shares in the last quarter. Finally, Capital Advisors Inc. OK increased its stake in International Business Machines by 0.4% during the 4th quarter. Capital Advisors Inc. OK now owns 281,891 shares of the technology company’s stock worth $61,968,000 after buying an additional 1,171 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $255.86 on Thursday. The stock has a fifty day moving average price of $230.70 and a 200 day moving average price of $218.22. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company 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.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts forecast that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analyst Ratings Changes

Several research firms have commented on IBM. Stifel Nicolaus boosted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Wedbush initiated coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. Jefferies Financial Group boosted their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Finally, Oppenheimer assumed coverage on shares of International Business Machines in a research note on Tuesday. They set an “outperform” rating and a $320.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus price target of $231.44.

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.