Peloton Wealth Strategists Buys 1,180 Shares of International Business Machines Co. (NYSE:IBM)

Peloton Wealth Strategists lifted its stake in International Business Machines Co. (NYSE:IBMGet Rating) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,115 shares of the technology company’s stock after acquiring an additional 1,180 shares during the period. Peloton Wealth Strategists’ holdings in International Business Machines were worth $1,085,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP boosted its stake in International Business Machines by 15.0% during the fourth quarter. First Trust Advisors LP now owns 3,624,730 shares of the technology company’s stock valued at $484,481,000 after buying an additional 472,362 shares during the period. Dimensional Fund Advisors LP boosted its stake in International Business Machines by 10.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,610,624 shares of the technology company’s stock valued at $640,574,000 after buying an additional 439,743 shares during the period. Geode Capital Management LLC boosted its stake in International Business Machines by 2.7% during the third quarter. Geode Capital Management LLC now owns 14,756,888 shares of the technology company’s stock valued at $2,044,535,000 after buying an additional 392,308 shares during the period. Balyasny Asset Management LLC bought a new stake in International Business Machines during the third quarter worth about $50,747,000. Finally, ProShare Advisors LLC lifted its stake in International Business Machines by 22.0% during the fourth quarter. ProShare Advisors LLC now owns 1,687,492 shares of the technology company’s stock worth $225,549,000 after purchasing an additional 304,123 shares during the last quarter. 55.22% of the stock is owned by hedge funds and other institutional investors.

IBM traded up $0.70 during mid-day trading on Friday, reaching $133.60. 4,195,218 shares of the company traded hands, compared to its average volume of 6,342,452. The stock has a market capitalization of $120.16 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.47 and a beta of 1.01. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.44. The company’s fifty day moving average price is $130.56 and its 200-day moving average price is $128.32. International Business Machines Co. has a 52-week low of $114.56 and a 52-week high of $152.84.

International Business Machines (NYSE:IBMGet Rating) last posted its quarterly earnings data on Tuesday, April 19th. The technology company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. International Business Machines’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. As a group, sell-side analysts forecast that International Business Machines Co. will post 9.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th will be paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Monday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.64. International Business Machines’s dividend payout ratio is presently 108.20%.

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price objective on International Business Machines from $148.00 to $152.00 and gave the stock a “market perform” rating in a report on Wednesday, April 20th. Credit Suisse Group lifted their price objective on International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a report on Wednesday, April 20th. StockNews.com assumed coverage on International Business Machines in a report on Thursday, March 31st. They issued a “buy” rating on the stock. UBS Group decreased their price objective on International Business Machines from $124.00 to $118.00 in a report on Tuesday, January 25th. Finally, Morgan Stanley boosted their price target on International Business Machines from $150.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $146.69.

International Business Machines Company Profile (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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