Onefund LLC Purchases 60 Shares of International Business Machines Co. (NYSE:IBM)

Onefund LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,479 shares of the technology company’s stock after acquiring an additional 60 shares during the quarter. Onefund LLC’s holdings in International Business Machines were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. JBR Co Financial Management Inc grew its holdings in International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after buying an additional 40 shares in the last quarter. Callan Capital LLC grew its holdings in International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock valued at $411,000 after buying an additional 44 shares in the last quarter. Marks Group Wealth Management Inc grew its holdings in International Business Machines by 0.4% during the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock valued at $2,292,000 after buying an additional 45 shares in the last quarter. First Affirmative Financial Network grew its holdings in International Business Machines by 1.5% during the 4th quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock valued at $687,000 after buying an additional 46 shares in the last quarter. Finally, Waterfront Wealth Inc. grew its holdings in International Business Machines by 2.0% during the 4th quarter. Waterfront Wealth Inc. now owns 2,393 shares of the technology company’s stock valued at $526,000 after buying an additional 46 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM opened at $252.63 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The stock has a market capitalization of $234.25 billion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The stock’s 50 day moving average price is $238.37 and its 200-day moving average price is $224.13.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities research analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company 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 $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.64%. International Business Machines’s payout ratio is 104.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IBM shares. Bank of America lifted their price target on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer started coverage on International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target for the company. Finally, Wedbush started coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, eight 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 target price of $231.44.

International Business Machines Company 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.