Pettyjohn Wood & White Inc. Has $1.65 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Pettyjohn Wood & White Inc. lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 13.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,502 shares of the technology company’s stock after acquiring an additional 880 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in International Business Machines were worth $1,649,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Holocene Advisors LP acquired a new position in shares of International Business Machines in the third quarter valued at $573,306,000. State Street Corp grew its stake in International Business Machines by 2.2% in the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock valued at $12,307,940,000 after buying an additional 1,200,803 shares during the last quarter. KBC Group NV raised its holdings in International Business Machines by 90.4% in the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock valued at $370,909,000 after acquiring an additional 800,930 shares during the period. Strategic Financial Concepts LLC lifted its position in International Business Machines by 23,311.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock worth $153,262,000 after acquiring an additional 694,204 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its position in shares of International Business Machines by 39,801.6% in the fourth quarter. Proficio Capital Partners LLC now owns 590,543 shares of the technology company’s stock valued at $129,819,000 after purchasing an additional 589,063 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM stock opened at $253.24 on Friday. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The business has a fifty day simple moving average of $237.78 and a 200 day simple moving average of $223.69. The company has a market cap of $234.16 billion, a P/E ratio of 39.51, a P/E/G ratio of 5.81 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 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company 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 2.64%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Wall Street Analyst Weigh In

IBM has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Wedbush started coverage on International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating for the company. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, Bank of America increased their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.