Catalyst Capital Advisors LLC Has $160,000 Holdings in International Business Machines Co. (NYSE:IBM)

Catalyst Capital Advisors LLC cut its holdings in International Business Machines Co. (NYSE:IBM) by 48.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 726 shares of the technology company’s stock after selling 672 shares during the period. Catalyst Capital Advisors LLC’s holdings in International Business Machines were worth $160,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of IBM. Total Investment Management Inc. lifted its holdings in shares of International Business Machines by 5.1% in the fourth quarter. Total Investment Management Inc. now owns 987 shares of the technology company’s stock worth $217,000 after acquiring an additional 48 shares during the last quarter. Americana Partners LLC lifted its holdings in shares of International Business Machines by 150.0% in the fourth quarter. Americana Partners LLC now owns 168,770 shares of the technology company’s stock worth $37,101,000 after acquiring an additional 101,259 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $87,000. Pathway Financial Advisors LLC bought a new position in International Business Machines in the 4th quarter valued at approximately $214,000. Finally, JFS Wealth Advisors LLC raised its holdings in International Business Machines by 1.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 9,964 shares of the technology company’s stock valued at $2,190,000 after buying an additional 122 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IBM shares. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Bank of America raised their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $231.44.

International Business Machines Trading Up 0.6 %

International Business Machines stock opened at $260.65 on Tuesday. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The business’s fifty day moving average is $232.08 and its 200 day moving average is $219.64. 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 stock has a market capitalization of $241.01 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. On average, sell-side analysts predict 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. Investors of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

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.