Brendel Financial Advisors LLC Makes New $395,000 Investment in International Business Machines Co. (NYSE:IBM)

Brendel Financial Advisors LLC acquired a new position in International Business Machines Co. (NYSE:IBM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,417 shares of the technology company’s stock, valued at approximately $395,000.

A number of other large investors have also modified their holdings of IBM. Naples Money Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth about $28,000. Cornerstone Planning Group LLC bought a new position in International Business Machines in the 2nd quarter valued at about $28,000. Live Oak Investment Partners bought a new position in International Business Machines in the 4th quarter valued at about $30,000. Briaud Financial Planning Inc bought a new position in International Business Machines in the 3rd quarter valued at about $31,000. Finally, PCA Investment Advisory Services Inc. bought a new position in International Business Machines in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IBM shares. Bank of America increased their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. BMO Capital Markets raised their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Societe Generale restated a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. Finally, Royal Bank of Canada raised their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $178.67.

International Business Machines Stock Up 0.1 %

Shares of NYSE IBM traded up $0.11 during mid-day trading on Friday, reaching $181.58. The company had a trading volume of 3,037,990 shares, compared to its average volume of 3,055,452. The stock has a fifty day moving average of $188.46 and a two-hundred day moving average of $169.11. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market capitalization of $166.46 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 3.57 and a beta of 0.70. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.60 earnings per share. As a group, equities research analysts expect that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is presently 81.67%.

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.