Cobblestone Capital Advisors LLC NY Has $1.23 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Cobblestone Capital Advisors LLC NY lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,605 shares of the technology company’s stock after purchasing an additional 60 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in International Business Machines were worth $1,232,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in International Business Machines during the 4th quarter worth about $26,000. Hazlett Burt & Watson Inc. raised its position in shares of International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC acquired a new position in shares of International Business Machines in the third quarter worth approximately $29,000. Avondale Wealth Management boosted its holdings in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC boosted its holdings in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.2 %

Shares of NYSE:IBM opened at $252.63 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The business’s 50 day simple moving average is $238.37 and its two-hundred day simple moving average is $224.13. The firm has a market cap of $234.25 billion, a P/E ratio of 39.41, a PEG ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts forecast 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. 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 dividend payout ratio is currently 104.21%.

Analyst Ratings Changes

Several research analysts have issued reports on IBM shares. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Wedbush started coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Morgan Stanley increased their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target 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.