Dover Advisors LLC Acquires 745 Shares of International Business Machines Co. (NYSE:IBM)

Dover Advisors LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,964 shares of the technology company’s stock after purchasing an additional 745 shares during the quarter. Dover Advisors LLC’s holdings in International Business Machines were worth $1,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pettinga Financial Advisors LLC acquired a new position in International Business Machines in the third quarter valued at about $221,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of International Business Machines by 7.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,061 shares of the technology company’s stock valued at $20,331,000 after buying an additional 6,345 shares in the last quarter. Consolidated Portfolio Review Corp bought a new stake in shares of International Business Machines during the 3rd quarter worth approximately $214,000. Modera Wealth Management LLC boosted its position in shares of International Business Machines by 14.9% during the 3rd quarter. Modera Wealth Management LLC now owns 22,414 shares of the technology company’s stock worth $4,955,000 after acquiring an additional 2,915 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in International Business Machines by 7.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,351,453 shares of the technology company’s stock valued at $298,136,000 after acquiring an additional 98,516 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IBM shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. Morgan Stanley raised their price objective on 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. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price for the company. Wedbush assumed coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Finally, Bank of America upped their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Stock Performance

IBM stock opened at $261.77 on Monday. The firm has a market cap 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. 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 stock has a 50-day moving average price of $235.27 and a 200-day moving average price of $222.30. 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 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, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 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.