Pathway Financial Advisors LLC Buys Shares of 973 International Business Machines Co. (NYSE:IBM)

Pathway Financial Advisors LLC purchased a new position in International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 973 shares of the technology company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Creative Planning boosted its stake in International Business Machines by 5.1% in the third quarter. Creative Planning now owns 300,740 shares of the technology company’s stock valued at $66,488,000 after acquiring an additional 14,677 shares during the period. Stratos Investment Management LLC acquired a new position in International Business Machines during the 3rd quarter valued at approximately $413,000. Embree Financial Group grew its stake in International Business Machines by 4.0% during the 3rd quarter. Embree Financial Group now owns 1,595 shares of the technology company’s stock worth $353,000 after buying an additional 62 shares during the last quarter. Chicago Capital LLC lifted its stake in International Business Machines by 12.3% in the third quarter. Chicago Capital LLC now owns 10,048 shares of the technology company’s stock valued at $2,221,000 after buying an additional 1,098 shares during the last quarter. Finally, Veracity Capital LLC boosted its holdings in shares of International Business Machines by 1.5% during the third quarter. Veracity Capital LLC now owns 4,936 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 74 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.6 %

NYSE IBM opened at $260.65 on Monday. International Business Machines Co. has a twelve month low of $162.62 and a twelve month 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 stock has a market cap of $241.01 billion, a PE ratio of 40.66, a PEG ratio of 5.57 and a beta of 0.76. The firm has a 50-day simple moving average of $232.08 and a 200 day simple moving average of $219.45.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate 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, research analysts forecast that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

IBM has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Oppenheimer began coverage on International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective for the company. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Bank of America raised their price target on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.