International Business Machines Co. (NYSE:IBM) Shares Purchased by Everhart Financial Group Inc.

Everhart Financial Group Inc. lifted its stake in International Business Machines Co. (NYSE:IBM) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,109 shares of the technology company’s stock after acquiring an additional 484 shares during the quarter. Everhart Financial Group Inc.’s holdings in International Business Machines were worth $1,343,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IBM. Creative Planning increased its stake in International Business Machines by 5.1% during the 3rd quarter. Creative Planning now owns 300,740 shares of the technology company’s stock worth $66,488,000 after buying an additional 14,677 shares during the period. Secure Asset Management LLC increased its stake in International Business Machines by 28.6% during the 3rd quarter. Secure Asset Management LLC now owns 2,714 shares of the technology company’s stock worth $600,000 after buying an additional 604 shares during the period. Ellsworth Advisors LLC purchased a new stake in International Business Machines during the 3rd quarter worth approximately $239,000. Stratos Wealth Partners LTD. increased its stake in International Business Machines by 5.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 63,178 shares of the technology company’s stock worth $13,967,000 after buying an additional 3,111 shares during the period. Finally, Kohmann Bosshard Financial Services LLC increased its stake in International Business Machines by 7.2% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 1,501 shares of the technology company’s stock worth $332,000 after buying an additional 101 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent research reports. UBS Group upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective on the stock. Wedbush began coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating on the stock. Finally, Morgan Stanley increased their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $231.44.

International Business Machines Stock Up 0.6 %

Shares of NYSE:IBM opened at $260.65 on Friday. The stock has a market cap of $241.01 billion, a P/E ratio of 40.66, a P/E/G ratio of 5.57 and a beta of 0.76. The firm has a fifty day moving average price of $232.08 and a 200 day moving average price of $219.25. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts predict that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

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.