WealthTrust Axiom LLC increased its holdings in International Business Machines Corp. (NYSE:IBM) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,203 shares of the technology company’s stock after acquiring an additional 666 shares during the period. International Business Machines comprises approximately 3.1% of WealthTrust Axiom LLC’s portfolio, making the stock its 2nd biggest holding. WealthTrust Axiom LLC’s holdings in International Business Machines were worth $8,315,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in IBM. ETF Managers Group LLC purchased a new position in International Business Machines in the second quarter valued at approximately $121,000. Price Wealth Management Inc. purchased a new position in International Business Machines in the fourth quarter valued at approximately $122,000. Cerebellum GP LLC purchased a new position in International Business Machines in the fourth quarter valued at approximately $126,000. Horan Capital Advisors LLC. purchased a new position in International Business Machines in the third quarter valued at approximately $136,000. Finally, MPS Loria Financial Planners LLC purchased a new position in International Business Machines in the second quarter valued at approximately $156,000. 56.99% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the company. BMO Capital Markets restated a “hold” rating and set a $175.00 target price on shares of International Business Machines in a research report on Friday, March 9th. Morgan Stanley downgraded International Business Machines from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $200.00 to $205.00 in a research report on Tuesday, January 23rd. Cantor Fitzgerald restated a “hold” rating and set a $152.00 target price on shares of International Business Machines in a research report on Friday, January 19th. Royal Bank of Canada restated a “buy” rating and set a $180.00 target price on shares of International Business Machines in a research report on Friday, January 19th. Finally, Societe Generale set a $149.00 target price on International Business Machines and gave the stock a “sell” rating in a research report on Friday, January 19th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $166.01.
International Business Machines Corp. (NYSE IBM) opened at $157.35 on Tuesday. The company has a market capitalization of $147,626.36, a price-to-earnings ratio of 11.59, a P/E/G ratio of 2.34 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines Corp. has a 12 month low of $139.13 and a 12 month high of $176.33.
International Business Machines (NYSE:IBM) last released its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.01 earnings per share. equities analysts forecast that International Business Machines Corp. will post 13.83 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors 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 yield of 3.81%. International Business Machines’s dividend payout ratio is presently 98.20%.
In other news, Director Frederick H. Waddell bought 610 shares of International Business Machines stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average price of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. Following the completion of the transaction, the insider now directly owns 20,581 shares in the company, valued at approximately $3,210,636. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.
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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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