International Business Machines Co. (NYSE:IBM) Shares Acquired by Cromwell Holdings LLC

Cromwell Holdings LLC raised its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,821 shares of the technology company’s stock after buying an additional 124 shares during the period. Cromwell Holdings LLC’s holdings in International Business Machines were worth $620,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IBM. Aspen Investment Management Inc raised its stake in shares of International Business Machines by 1.9% in the 4th quarter. Aspen Investment Management Inc now owns 5,925 shares of the technology company’s stock worth $1,302,000 after buying an additional 110 shares in the last quarter. Boston Financial Mangement LLC grew its holdings in International Business Machines by 12.8% during the fourth quarter. Boston Financial Mangement LLC now owns 7,035 shares of the technology company’s stock worth $1,547,000 after acquiring an additional 800 shares during the period. Concurrent Investment Advisors LLC raised its position in International Business Machines by 38.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 47,643 shares of the technology company’s stock worth $10,473,000 after acquiring an additional 13,234 shares in the last quarter. Hardy Reed LLC lifted its holdings in International Business Machines by 18.3% in the 4th quarter. Hardy Reed LLC now owns 1,496 shares of the technology company’s stock valued at $329,000 after acquiring an additional 231 shares during the last quarter. Finally, Advyzon Investment Management LLC bought a new position in shares of International Business Machines during the 4th quarter valued at about $328,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IBM shares. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Morgan Stanley upped their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Finally, UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Stock Performance

Shares of IBM opened at $264.85 on Friday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week 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 company has a market capitalization of $244.89 billion, a PE ratio of 41.32, a PEG ratio of 5.77 and a beta of 0.76. The company’s 50 day moving average price is $234.65 and its 200 day moving average price is $221.26.

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, beating 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%. Research analysts expect that International Business Machines Co. will post 10.77 EPS for the current fiscal year.

International Business Machines Announces Dividend

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 dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.52%. 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.