Canton Hathaway LLC Has $200,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Canton Hathaway LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 452.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,221 shares of the technology company’s stock after acquiring an additional 1,000 shares during the period. Canton Hathaway LLC’s holdings in International Business Machines were worth $200,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IBM. Moneta Group Investment Advisors LLC grew its holdings in shares of International Business Machines by 98,797.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after buying an additional 11,017,849 shares during the period. Norges Bank acquired a new position in shares of International Business Machines in the 4th quarter valued at $876,014,000. Morgan Stanley grew its holdings in shares of International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after buying an additional 3,084,458 shares during the period. International Assets Investment Management LLC boosted its stake in International Business Machines by 15,439.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after purchasing an additional 2,636,386 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in International Business Machines by 35.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after purchasing an additional 1,163,790 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. BMO Capital Markets upped their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Stifel Nicolaus upped their target price on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada upped their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $178.08.

International Business Machines Stock Performance

International Business Machines stock traded down $1.02 during trading hours on Monday, hitting $181.25. The company had a trading volume of 3,513,342 shares, compared to its average volume of 4,850,374. The firm has a market cap of $166.16 billion, a PE ratio of 22.37, a PEG ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The firm has a 50-day moving average of $188.66 and a 200 day moving average of $167.85.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate 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%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.60 EPS. On average, sell-side analysts expect that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. International Business Machines’s payout ratio is presently 81.67%.

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.