Morton Brown Family Wealth LLC Purchases 157 Shares of International Business Machines Co. (NYSE:IBM)

Morton Brown Family Wealth LLC increased its stake in International Business Machines Co. (NYSE:IBM) by 62.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 407 shares of the technology company’s stock after buying an additional 157 shares during the period. Morton Brown Family Wealth LLC’s holdings in International Business Machines were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Avion Wealth increased its stake in shares of International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares during the period. Financial Security Advisor Inc. grew its position in shares of International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after purchasing an additional 61 shares during the period. Webster Bank N. A. lifted its stake in shares of International Business Machines by 0.9% in the fourth quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock worth $1,166,000 after buying an additional 62 shares in the last quarter. Thrive Wealth Management LLC lifted its stake in shares of International Business Machines by 0.9% in the fourth quarter. Thrive Wealth Management LLC now owns 7,311 shares of the technology company’s stock worth $1,196,000 after buying an additional 64 shares in the last quarter. Finally, Kowal Investment Group LLC lifted its stake in shares of International Business Machines by 3.3% in the fourth quarter. Kowal Investment Group LLC now owns 2,004 shares of the technology company’s stock worth $328,000 after buying an additional 64 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Bank of America lifted their price target 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. Societe Generale restated a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Jefferies Financial Group started coverage on shares of International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective for the company. Finally, Stifel Nicolaus boosted their price target on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $176.85.

International Business Machines Trading Down 0.7 %

Shares of IBM traded down $1.26 during mid-day trading on Thursday, hitting $184.78. The company had a trading volume of 1,115,473 shares, compared to its average volume of 4,871,669. The stock has a market cap of $169.40 billion, a PE ratio of 22.81, a P/E/G ratio of 3.72 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The business’s 50-day simple moving average is $188.75 and its 200-day simple moving average is $167.13.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 earnings per share. Sell-side analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.59%. International Business Machines’s dividend payout ratio is currently 81.67%.

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.