International Business Machines Co. (NYSE:IBM) Stock Holdings Increased by TFG Advisers LLC

TFG Advisers LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,550 shares of the technology company’s stock after purchasing an additional 756 shares during the period. International Business Machines makes up approximately 0.9% of TFG Advisers LLC’s investment portfolio, making the stock its 28th largest holding. TFG Advisers LLC’s holdings in International Business Machines were worth $2,539,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. MWA Asset Management increased its stake in International Business Machines by 92.6% during the 4th quarter. MWA Asset Management now owns 5,287 shares of the technology company’s stock valued at $1,162,000 after buying an additional 2,542 shares during the period. Conning Inc. increased its stake in shares of International Business Machines by 7.0% during the fourth quarter. Conning Inc. now owns 5,043 shares of the technology company’s stock valued at $1,109,000 after acquiring an additional 330 shares during the period. Joel Isaacson & Co. LLC raised its holdings in International Business Machines by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 16,984 shares of the technology company’s stock worth $3,734,000 after purchasing an additional 390 shares in the last quarter. Shepherd Financial Partners LLC bought a new stake in International Business Machines during the fourth quarter worth approximately $208,000. Finally, Realta Investment Advisors boosted its stake in International Business Machines by 110.1% during the 4th quarter. Realta Investment Advisors now owns 2,548 shares of the technology company’s stock valued at $567,000 after purchasing an additional 1,335 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IBM shares. Morgan Stanley boosted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Wedbush initiated coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Bank of America lifted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Sanford C. Bernstein increased their target price on shares of 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. Finally, Jefferies Financial Group lifted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average target price of $225.53.

International Business Machines Stock Down 0.4 %

Shares of International Business Machines stock opened at $252.31 on Friday. 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 Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The stock has a 50-day moving average price of $229.26 and a 200 day moving average price of $216.45. The company has a market cap of $233.30 billion, a P/E ratio of 39.36, a P/E/G ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. As a group, analysts expect that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared 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 2.65%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) 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.