Encompass Wealth Advisors LLC Has $310,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Encompass Wealth Advisors LLC reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 57.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,410 shares of the technology company’s stock after selling 1,898 shares during the quarter. Encompass Wealth Advisors LLC’s holdings in International Business Machines were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Consolidated Portfolio Review Corp boosted its stake in International Business Machines by 797.4% during the 4th quarter. Consolidated Portfolio Review Corp now owns 8,696 shares of the technology company’s stock valued at $1,912,000 after purchasing an additional 7,727 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $274,000. Telos Capital Management Inc. grew its holdings in International Business Machines by 72.9% during the fourth quarter. Telos Capital Management Inc. now owns 6,280 shares of the technology company’s stock worth $1,381,000 after buying an additional 2,647 shares in the last quarter. GHP Investment Advisors Inc. raised its position in International Business Machines by 1.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 78,694 shares of the technology company’s stock valued at $17,299,000 after buying an additional 1,031 shares during the last quarter. Finally, Argus Investors Counsel Inc. lifted its stake in International Business Machines by 5.7% during the 4th 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. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBM has been the subject of several recent analyst reports. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus increased their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein boosted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. BMO Capital Markets increased their price target on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group boosted their price objective on 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $225.53.

International Business Machines Stock Performance

Shares of IBM stock opened at $253.30 on Friday. The firm’s 50 day moving average is $228.73 and its 200 day moving average is $216.19. 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 12 month low of $162.62 and a 12 month high of $265.72. The stock has a market capitalization 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 (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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 anticipate that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Announces Dividend

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 given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

International Business Machines Company 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.