Olistico Wealth LLC Purchases 1,025 Shares of International Business Machines Co. (NYSE:IBM)

Olistico Wealth LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 45.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,290 shares of the technology company’s stock after acquiring an additional 1,025 shares during the period. Olistico Wealth LLC’s holdings in International Business Machines were worth $727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IBM. Seven Eight Capital LP bought a new position in International Business Machines in the fourth quarter worth approximately $476,000. Cresset Asset Management LLC boosted its holdings in International Business Machines by 0.8% in the fourth quarter. Cresset Asset Management LLC now owns 72,422 shares of the technology company’s stock worth $11,845,000 after acquiring an additional 558 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in International Business Machines in the fourth quarter worth approximately $547,000. Northwest Wealth Management LLC bought a new position in International Business Machines in the fourth quarter worth approximately $206,000. Finally, Ethic Inc. lifted its holdings in shares of International Business Machines by 6.3% in the fourth quarter. Ethic Inc. now owns 126,504 shares of the technology company’s stock valued at $20,690,000 after purchasing an additional 7,479 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Evercore ISI lifted their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. UBS Group raised their target price on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group raised their target price on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $194.35.

International Business Machines Price Performance

NYSE:IBM opened at $228.62 on Wednesday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The stock has a fifty day moving average of $204.32 and a 200 day moving average of $186.42. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $229.35. The firm has a market capitalization of $210.01 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $2.18 EPS. On average, research analysts expect that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.92%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.