Rothschild Investment LLC Buys 241 Shares of International Business Machines Co. (NYSE:IBM)

Rothschild Investment LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,662 shares of the technology company’s stock after buying an additional 241 shares during the period. Rothschild Investment LLC’s holdings in International Business Machines were worth $4,762,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. boosted its holdings in shares of International Business Machines by 40.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after buying an additional 166 shares during the period. Blue Zone Wealth Advisors LLC bought a new stake in International Business Machines in the 4th quarter valued at about $242,000. Brady Martz Wealth Solutions LLC bought a new stake in International Business Machines in the 4th quarter valued at about $1,940,000. Tranquilli Financial Advisor LLC bought a new stake in International Business Machines in the 4th quarter valued at about $373,000. Finally, Philip James Wealth Mangement LLC bought a new stake in International Business Machines in the 3rd quarter valued at about $5,117,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $261.77 on Monday. The company has a 50 day simple moving average of $235.27 and a 200 day simple moving average of $222.30. The stock has a market cap of $242.05 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 5.81 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 debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IBM. Sanford C. Bernstein boosted their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. UBS Group upped 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 raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently 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.