Lighthouse Financial Advisors Inc. acquired a new stake in IBM (NYSE:IBM) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 415 shares of the technology company’s stock, valued at approximately $55,000.

A number of other large investors also recently modified their holdings of IBM. Lenox Wealth Advisors LLC lifted its stake in shares of IBM by 44.8% in the 4th quarter. Lenox Wealth Advisors LLC now owns 278 shares of the technology company’s stock valued at $37,000 after acquiring an additional 86 shares during the last quarter. Bridger Capital Management LLC bought a new stake in IBM during the 3rd quarter worth $60,000. S.A. Mason LLC bought a new stake in IBM during the 4th quarter worth $69,000. Vaughan AND Company Securities Inc. acquired a new position in IBM in the 4th quarter worth about $147,000. Finally, Hollencrest Capital Management acquired a new position in IBM in the 3rd quarter worth about $249,000. 55.73% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Cantor Fitzgerald lifted their price target on IBM from $133.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Citigroup reaffirmed a “neutral” rating on shares of IBM in a research note on Thursday, January 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price objective on shares of IBM in a report on Thursday, January 23rd. Nomura reiterated a “buy” rating and set a $170.00 target price on shares of IBM in a research report on Monday, February 3rd. Finally, Sanford C. Bernstein reiterated a “hold” rating and set a $135.00 target price on shares of IBM in a research report on Wednesday, January 15th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $153.60.

Shares of IBM stock opened at $154.31 on Friday. IBM has a 1-year low of $126.85 and a 1-year high of $158.75. The company has a current ratio of 1.09, a quick ratio of 1.04 and a debt-to-equity ratio of 3.40. The stock has a market cap of $136.77 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 2.11 and a beta of 1.32. The stock has a 50-day moving average of $140.58 and a 200-day moving average of $138.43.

IBM (NYSE:IBM) last posted its quarterly earnings data on Tuesday, January 21st. The technology company reported $4.71 EPS for the quarter, topping the Zacks’ consensus estimate of $4.69 by $0.02. IBM had a return on equity of 65.38% and a net margin of 12.23%. The company had revenue of $21.78 billion for the quarter, compared to analyst estimates of $21.62 billion. During the same period in the previous year, the firm earned $4.87 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. Sell-side analysts forecast that IBM will post 13.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.62 per share. The ex-dividend date is Friday, February 7th. This represents a $6.48 annualized dividend and a yield of 4.20%. IBM’s payout ratio is 50.59%.

IBM Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.

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Institutional Ownership by Quarter for IBM (NYSE:IBM)

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