Coombe Bender & Co LLC Acquires 242 Shares of International Business Machines Co. (NYSE:IBM)

Coombe Bender & Co LLC grew its stake in International Business Machines Co. (NYSE:IBM) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,036 shares of the technology company’s stock after acquiring an additional 242 shares during the period. Coombe Bender & Co LLC’s holdings in International Business Machines were worth $824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Naples Money Management LLC bought a new position in shares of International Business Machines in the 4th quarter valued at about $28,000. Briaud Financial Planning Inc acquired a new position in International Business Machines during the third quarter worth approximately $31,000. Stone House Investment Management LLC raised its stake in International Business Machines by 971.4% in 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 period. Financial Gravity Asset Management Inc. lifted its position in shares of International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Finally, Cordant Inc. lifted its position in shares of International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after buying an additional 226 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM traded down $1.10 during midday trading on Thursday, hitting $163.33. The company’s stock had a trading volume of 1,640,747 shares, compared to its average volume of 4,970,561. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The stock has a market capitalization of $149.73 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The company’s fifty day simple moving average is $186.54 and its two-hundred day simple moving average is $170.87.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 earnings per share. As a group, equities analysts expect that International Business Machines Co. will post 9.94 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a $1.67 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 4.09%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research analyst reports. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. UBS Group boosted their price objective on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Morgan Stanley decreased their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Societe Generale reissued a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $181.29.

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.