Canton Hathaway LLC Boosts Stake in International Business Machines Co. (NYSE:IBM)

Canton Hathaway LLC raised its stake in shares of International Business Machines Co. (NYSE:IBM) by 14.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,621 shares of the technology company’s stock after buying an additional 200 shares during the quarter. Canton Hathaway LLC’s holdings in International Business Machines were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Todd Asset Management LLC raised its position in International Business Machines by 1.6% during the fourth quarter. Todd Asset Management LLC now owns 236,780 shares of the technology company’s stock valued at $52,051,000 after purchasing an additional 3,739 shares during the period. FourThought Financial Partners LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $610,000. Commonwealth Retirement Investments LLC grew its stake in shares of International Business Machines by 2.9% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 16,317 shares of the technology company’s stock valued at $3,587,000 after buying an additional 456 shares during the last quarter. Wrapmanager Inc. bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $927,000. Finally, Pine Valley Investments Ltd Liability Co grew its stake in shares of International Business Machines by 9.0% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 23,305 shares of the technology company’s stock valued at $5,123,000 after buying an additional 1,924 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.2 %

Shares of NYSE IBM opened at $262.12 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $242.37 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The stock’s fifty day simple moving average is $235.92 and its two-hundred day simple moving average is $222.79. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal 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 issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. International Business Machines’s dividend payout ratio is presently 104.21%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IBM. Bank of America upped their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Jefferies Financial Group upped their target price on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $231.44.

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.