Trueblood Wealth Management LLC Takes Position in International Business Machines Co. (NYSE:IBM)

Trueblood Wealth Management LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,390 shares of the technology company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IBM. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares in the last quarter. State Street Corp lifted its holdings in shares of International Business Machines by 1.7% in the second quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock valued at $7,284,833,000 after purchasing an additional 903,042 shares in the last quarter. Morgan Stanley lifted its holdings in shares of International Business Machines by 22.8% in the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of International Business Machines by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after purchasing an additional 1,105,170 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of International Business Machines by 98,797.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after purchasing an additional 11,017,849 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on IBM shares. Stifel Nicolaus increased their target price on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a report on Monday, January 22nd. BMO Capital Markets increased their price objective on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Sanford C. Bernstein increased their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Bank of America increased their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $176.85.

International Business Machines Trading Up 0.1 %

Shares of NYSE:IBM opened at $190.96 on Friday. The company has a market cap of $175.06 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.74 and a beta of 0.70. The stock’s 50-day moving average is $186.79 and its 200-day moving average is $164.17. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same period last year, the business earned $3.60 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

International Business Machines 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.