International Business Machines Co. (NYSE:IBM) Holdings Increased by POM Investment Strategies LLC

POM Investment Strategies LLC increased its stake in International Business Machines Co. (NYSE:IBM) by 79.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,202 shares of the technology company’s stock after acquiring an additional 531 shares during the period. International Business Machines makes up approximately 0.2% of POM Investment Strategies LLC’s investment portfolio, making the stock its 28th biggest position. POM Investment Strategies LLC’s holdings in International Business Machines were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IBM. Retirement Planning Group LLC bought a new position in International Business Machines during the third quarter valued at about $618,000. CVA Family Office LLC lifted its holdings in International Business Machines by 4.5% in the 3rd quarter. CVA Family Office LLC now owns 1,876 shares of the technology company’s stock valued at $415,000 after acquiring an additional 80 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of International Business Machines by 29.8% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,223 shares of the technology company’s stock valued at $270,000 after purchasing an additional 281 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of International Business Machines in the 3rd quarter worth approximately $218,000. Finally, Thomasville National Bank raised its holdings in shares of International Business Machines by 24.5% in the 3rd quarter. Thomasville National Bank now owns 3,825 shares of the technology company’s stock worth $846,000 after purchasing an additional 752 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $248.95 on Tuesday. The company has a 50 day moving average price of $229.76 and a two-hundred day moving average price of $217.38. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The stock has a market capitalization of $230.19 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating 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, equities analysts predict that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company 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 dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analysts Set New Price Targets

Several research analysts have issued reports on IBM shares. Stifel Nicolaus lifted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wedbush initiated coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Jefferies Financial Group lifted their price target on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $225.53.

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.