Adell Harriman & Carpenter Inc. Has $14.20 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Adell Harriman & Carpenter Inc. grew its position in International Business Machines Co. (NYSE:IBM) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,595 shares of the technology company’s stock after buying an additional 1,063 shares during the period. International Business Machines makes up 1.0% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 28th largest position. Adell Harriman & Carpenter Inc.’s holdings in International Business Machines were worth $14,200,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its holdings in International Business Machines by 0.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 14,096 shares of the technology company’s stock worth $3,099,000 after buying an additional 96 shares during the period. Blue Trust Inc. increased its position in shares of International Business Machines by 14.6% during the fourth quarter. Blue Trust Inc. now owns 20,962 shares of the technology company’s stock worth $4,608,000 after acquiring an additional 2,673 shares in the last quarter. Campbell Wealth Management increased its position in shares of International Business Machines by 226.1% during the fourth quarter. Campbell Wealth Management now owns 5,537 shares of the technology company’s stock worth $1,217,000 after acquiring an additional 3,839 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of International Business Machines during the fourth quarter worth $381,000. Finally, CFC Planning Co LLC bought a new stake in International Business Machines in the 4th quarter valued at $1,549,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 0.6 %

Shares of NYSE:IBM opened at $260.65 on Friday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market capitalization of $241.01 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The company has a 50-day simple moving average of $231.63 and a 200 day simple moving average of $218.77.

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

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.56%. International Business Machines’s dividend payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

Several analysts have issued reports on IBM shares. Sanford C. Bernstein lifted their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Wedbush started coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Finally, Jefferies Financial Group increased their target price on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $231.44.

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.