Acorn Wealth Advisors LLC Has $1.04 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Acorn Wealth Advisors LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,724 shares of the technology company’s stock after selling 142 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in International Business Machines were worth $1,038,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pettinga Financial Advisors LLC bought a new stake in shares of International Business Machines in the third quarter valued at approximately $221,000. Modera Wealth Management LLC raised its holdings in International Business Machines by 14.9% in the 3rd quarter. Modera Wealth Management LLC now owns 22,414 shares of the technology company’s stock valued at $4,955,000 after acquiring an additional 2,915 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of International Business Machines by 20.5% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 2,323 shares of the technology company’s stock valued at $514,000 after acquiring an additional 395 shares during the period. Insight Folios Inc grew its holdings in shares of International Business Machines by 4.6% during the 3rd quarter. Insight Folios Inc now owns 38,369 shares of the technology company’s stock worth $8,483,000 after purchasing an additional 1,674 shares in the last quarter. Finally, Gemmer Asset Management LLC increased its position in shares of International Business Machines by 21.4% in the third quarter. Gemmer Asset Management LLC now owns 1,833 shares of the technology company’s stock worth $405,000 after purchasing an additional 323 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Sanford C. Bernstein boosted 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 report on Friday, January 3rd. 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, StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Up 0.2 %

Shares of NYSE:IBM opened at $262.12 on Tuesday. The business’s 50-day moving average is $235.92 and its 200-day moving average is $222.79. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The company has a market capitalization of $242.37 billion, a price-to-earnings ratio of 40.89, a P/E/G ratio of 5.81 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is 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.