Welch Investments LLC lifted its position in International Business Machines Corp. (NYSE:IBM) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,668 shares of the technology company’s stock after buying an additional 1,407 shares during the period. Welch Investments LLC’s holdings in International Business Machines were worth $4,552,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Capital Management Inc. lifted its position in International Business Machines by 71.3% during the third quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock valued at $497,000 after purchasing an additional 1,425 shares during the period. Caxton Associates LP lifted its position in International Business Machines by 23.5% during the second quarter. Caxton Associates LP now owns 4,200 shares of the technology company’s stock valued at $646,000 after purchasing an additional 800 shares during the period. Flippin Bruce & Porter Inc. lifted its position in International Business Machines by 6.2% during the second quarter. Flippin Bruce & Porter Inc. now owns 85,378 shares of the technology company’s stock valued at $13,134,000 after purchasing an additional 4,956 shares during the period. Intl Fcstone Inc. bought a new position in International Business Machines during the second quarter valued at approximately $1,116,000. Finally, Adviser Investments LLC lifted its position in International Business Machines by 8.2% during the third quarter. Adviser Investments LLC now owns 12,714 shares of the technology company’s stock valued at $1,845,000 after purchasing an additional 965 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.
IBM has been the topic of a number of research analyst reports. Morgan Stanley downgraded shares of International Business Machines from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $200.00 to $205.00 in a research report on Tuesday, January 23rd. Societe Generale set a $149.00 price objective on shares of International Business Machines and gave the company a “sell” rating in a research report on Friday, January 19th. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective on the stock in a research report on Wednesday, December 6th. BMO Capital Markets restated a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. Finally, Barclays upgraded shares of International Business Machines from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $133.00 to $192.00 in a research report on Wednesday, January 17th. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $166.01.
Shares of International Business Machines Corp. (NYSE:IBM) opened at $159.32 on Wednesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The stock has a market cap of $147,626.36, a price-to-earnings ratio of 11.59, a PEG ratio of 2.34 and a beta of 0.94. International Business Machines Corp. has a 52 week low of $139.13 and a 52 week high of $179.00.
International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $5.01 earnings per share. research analysts anticipate that International Business Machines Corp. will post 13.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were paid a $1.50 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.77%. International Business Machines’s dividend payout ratio (DPR) is presently 98.20%.
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International Business Machines Company Profile
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
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