International Business Machines Co. (NYSE:IBM) Shares Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC grew its position in International Business Machines Co. (NYSE:IBM) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,556 shares of the technology company’s stock after buying an additional 545 shares during the quarter. Angeles Wealth Management LLC’s holdings in International Business Machines were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. LongView Wealth Management acquired a new stake in shares of International Business Machines during the third quarter worth about $250,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in International Business Machines by 355.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,153 shares of the technology company’s stock worth $1,581,000 after buying an additional 5,581 shares during the period. Valeo Financial Advisors LLC lifted its holdings in International Business Machines by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 14,000 shares of the technology company’s stock worth $3,095,000 after buying an additional 552 shares in the last quarter. Ritholtz Wealth Management boosted its position in International Business Machines by 8.9% in the 3rd quarter. Ritholtz Wealth Management now owns 10,596 shares of the technology company’s stock valued at $2,342,000 after buying an additional 862 shares during the period. Finally, Matrix Asset Advisors Inc. NY acquired a new position in shares of International Business Machines in the third quarter worth $248,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.4 %

IBM opened at $252.31 on Monday. International Business Machines Co. has a one year low of $162.62 and a one year 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 capitalization of $233.30 billion, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The business’s 50-day simple moving average is $229.76 and its 200-day simple moving average is $217.15.

International Business Machines (NYSE:IBM) last released 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 return on equity of 38.99% and a net margin of 9.60%. Analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 yield of 2.65%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Analysts Set New Price Targets

A number of research firms recently issued reports on IBM. Wedbush began coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating for the company. Stifel Nicolaus lifted their price objective on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. UBS Group upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. 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 note on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $225.53.

International Business Machines 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.