International Business Machines Co. (NYSE:IBM) Shares Bought by Blue Chip Partners LLC

Blue Chip Partners LLC grew its stake in International Business Machines Co. (NYSE:IBM) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,786 shares of the technology company’s stock after acquiring an additional 170 shares during the quarter. Blue Chip Partners LLC’s holdings in International Business Machines were worth $832,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in shares of International Business Machines by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 176,580 shares of the technology company’s stock worth $38,818,000 after buying an additional 8,309 shares during the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of International Business Machines by 0.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 15,485 shares of the technology company’s stock worth $3,404,000 after purchasing an additional 50 shares during the period. Total Investment Management Inc. increased its position in shares of International Business Machines by 5.1% during the 4th quarter. Total Investment Management Inc. now owns 987 shares of the technology company’s stock worth $217,000 after purchasing an additional 48 shares during the last quarter. Americana Partners LLC boosted its stake in International Business Machines by 150.0% during the fourth quarter. Americana Partners LLC now owns 168,770 shares of the technology company’s stock worth $37,101,000 after buying an additional 101,259 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $87,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of a number of research analyst reports. Wedbush assumed coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Bank of America boosted their price objective on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets raised their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Finally, Sanford C. Bernstein increased 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Performance

Shares of IBM stock opened at $260.65 on Monday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The stock’s 50-day moving average price is $232.08 and its 200 day moving average price is $219.64. 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 stock has a market capitalization of $241.01 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. As a group, equities research analysts forecast that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

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.