Cwm LLC Buys 13,242 Shares of International Business Machines Co. (NYSE:IBM)

Cwm LLC increased its holdings in International Business Machines Co. (NYSE:IBM) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,505 shares of the technology company’s stock after acquiring an additional 13,242 shares during the quarter. Cwm LLC’s holdings in International Business Machines were worth $18,073,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Naples Money Management LLC purchased a new stake in International Business Machines in the fourth quarter worth about $28,000. Cornerstone Planning Group LLC purchased a new stake in International Business Machines in the second quarter worth about $28,000. Live Oak Investment Partners purchased a new stake in International Business Machines in the fourth quarter worth about $30,000. Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines during the third quarter valued at about $31,000. Finally, Stone House Investment Management LLC lifted its position in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on IBM shares. Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research report on Wednesday, April 17th. Jefferies Financial Group started coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price target for the company. Finally, BMO Capital Markets increased their price target 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $181.58 on Monday. The company has a market cap of $166.46 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company’s 50 day moving average is $188.46 and its 200 day moving average is $169.31. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the firm posted $3.60 EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, sell-side analysts forecast that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Announces Dividend

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