Measured Wealth Private Client Group LLC Invests $274,000 in International Business Machines Co. (NYSE:IBM)

Measured Wealth Private Client Group LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,247 shares of the technology company’s stock, valued at approximately $274,000.

Several other hedge funds have also added to or reduced their stakes in IBM. Telos Capital Management Inc. grew its holdings in International Business Machines by 72.9% in the 4th quarter. Telos Capital Management Inc. now owns 6,280 shares of the technology company’s stock valued at $1,381,000 after buying an additional 2,647 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of International Business Machines by 1.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 78,694 shares of the technology company’s stock valued at $17,299,000 after acquiring an additional 1,031 shares during the period. Argus Investors Counsel Inc. grew its stake in shares of International Business Machines by 5.7% in the fourth quarter. Argus Investors Counsel Inc. now owns 2,016 shares of the technology company’s stock valued at $443,000 after acquiring an additional 109 shares in the last quarter. McHugh Group LLC bought a new position in International Business Machines during the fourth quarter worth about $226,000. Finally, Buck Wealth Strategies LLC acquired a new stake in International Business Machines in the 4th quarter worth about $374,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IBM. UBS Group raised their target price 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. Jefferies Financial Group raised their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Wedbush began coverage on International Business Machines in a report on Monday. They issued an “outperform” rating for the company. JPMorgan Chase & Co. increased their target price on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Morgan Stanley boosted their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $225.53.

International Business Machines Trading Down 3.8 %

IBM opened at $253.30 on Friday. The company’s 50 day moving average is $228.73 and its 200-day moving average is $216.19. The company has a market cap of $234.21 billion, a P/E ratio of 39.52, a PEG ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

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, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities research analysts predict that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced 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 is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. International Business Machines’s payout ratio is presently 104.21%.

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.