MONECO Advisors LLC Purchases 1,110 Shares of International Business Machines Co. (NYSE:IBM)

MONECO Advisors LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 9.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,087 shares of the technology company’s stock after purchasing an additional 1,110 shares during the period. MONECO Advisors LLC’s holdings in International Business Machines were worth $2,877,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IBM. Silver Oak Securities Incorporated grew its position in International Business Machines by 8.6% in the 3rd quarter. Silver Oak Securities Incorporated now owns 4,910 shares of the technology company’s stock worth $1,084,000 after purchasing an additional 390 shares in the last quarter. Lake Street Advisors Group LLC grew its position in International Business Machines by 7.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 4,387 shares of the technology company’s stock worth $970,000 after purchasing an additional 297 shares in the last quarter. Pettinga Financial Advisors LLC purchased a new position in International Business Machines in the third quarter valued at about $221,000. Trueblood Wealth Management LLC boosted its stake in International Business Machines by 3.7% in the third quarter. Trueblood Wealth Management LLC now owns 2,768 shares of the technology company’s stock valued at $612,000 after acquiring an additional 100 shares during the last quarter. Finally, Capital Management Associates Inc purchased a new position in International Business Machines in the third quarter valued at about $208,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

International Business Machines stock opened at $261.77 on Friday. The firm’s 50 day simple moving average is $235.27 and its 200 day simple moving average is $222.05. 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 firm has a market capitalization of $242.05 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72.

International Business Machines (NYSE:IBM) last posted 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 net margin of 9.60% and a return on equity of 38.99%. As a group, analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IBM shares. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley boosted their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Wedbush started coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. BMO Capital Markets boosted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group boosted their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average 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.