New Wave Wealth Advisors LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)

New Wave Wealth Advisors LLC purchased a new stake in International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 763 shares of the technology company’s stock, valued at approximately $168,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Centaurus Financial Inc. increased its stake in International Business Machines by 128.6% during the second quarter. Centaurus Financial Inc. now owns 8,558 shares of the technology company’s stock worth $1,480,000 after acquiring an additional 4,814 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of International Business Machines by 4.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 8,470 shares of the technology company’s stock worth $1,873,000 after purchasing an additional 377 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in International Business Machines by 39.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,649 shares of the technology company’s stock valued at $365,000 after buying an additional 470 shares during the period. Czech National Bank lifted its position in International Business Machines by 7.2% in the third quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock valued at $41,485,000 after buying an additional 12,599 shares during the last quarter. Finally, Curbstone Financial Management Corp boosted its stake in International Business Machines by 11.4% during the third quarter. Curbstone Financial Management Corp now owns 3,090 shares of the technology company’s stock worth $683,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $255.48 on Friday. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $261.80. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market capitalization of $236.23 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.74. The business’s fifty day moving average price is $225.96 and its 200 day moving average price is $213.86.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 40.37% and a net margin of 9.60%. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.54 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Analyst Ratings Changes

IBM has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. BMO Capital Markets increased their target price on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research note on Thursday. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus price target of $225.53.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.07% of the company’s stock.

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.