Minneapolis Portfolio Management Group LLC lessened its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 17.5% during the 4th quarter, Holdings Channel reports. The firm owned 100,395 shares of the technology company’s stock after selling 21,292 shares during the quarter. International Business Machines comprises 3.4% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 16th biggest holding. Minneapolis Portfolio Management Group LLC’s holdings in International Business Machines were worth $29,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of IBM. Norges Bank purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $2,446,429,000. Capital World Investors lifted its holdings in shares of International Business Machines by 13.9% in the third quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock valued at $4,809,461,000 after purchasing an additional 2,077,506 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after purchasing an additional 1,439,824 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of International Business Machines by 39.6% in the third quarter. First Trust Advisors LP now owns 3,052,880 shares of the technology company’s stock valued at $861,401,000 after purchasing an additional 865,253 shares in the last quarter. Finally, Valpey Financial Services LLC lifted its holdings in shares of International Business Machines by 27,670.9% in the fourth quarter. Valpey Financial Services LLC now owns 867,007 shares of the technology company’s stock valued at $256,816,000 after purchasing an additional 863,885 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.
International Business Machines Stock Performance
NYSE:IBM opened at $319.67 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The company has a market cap of $300.45 billion, a P/E ratio of 28.26, a P/E/G ratio of 3.08 and a beta of 0.58. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $327.98. The firm’s 50 day moving average is $241.55 and its two-hundred day moving average is $270.75.
International Business Machines Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $1.69 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 8th. International Business Machines’s payout ratio is 59.77%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on IBM shares. Stifel Nicolaus set a $290.00 price target on shares of International Business Machines in a report on Friday, May 22nd. UBS Group raised shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of International Business Machines in a research note on Thursday. Morgan Stanley upped their price objective on shares of International Business Machines from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, HSBC raised shares of International Business Machines from a “reduce” rating to a “hold” rating and upped their price objective for the company from $218.00 to $231.00 in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $297.50.
Check Out Our Latest Analysis on International Business Machines
Key Headlines Impacting International Business Machines
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM stock is getting a boost from Barclays’ new Overweight rating and $350 target, which supports the view that the shares can keep climbing. IBM Stock Surges After Analyst “Overweight” Rating
- Positive Sentiment: IBM is benefiting from a broader software rally after Nvidia CEO Jensen Huang eased fears that AI will undermine software demand, lifting sentiment across the sector. NOW, IBM, software stocks surge as Huang eases AI fears; analysts see more upside
- Positive Sentiment: Investor enthusiasm for IBM’s quantum-computing push is increasing after reports that the company plans to invest more than $10 billion in quantum over the next five years. IBM Bets $10 Billion on Quantum Computing as Race for Next-Generation Technology Intensifies
- Positive Sentiment: Reports that U.S. policy momentum around quantum funding is lifting IBM’s profile as a potential beneficiary in a growing next-generation computing theme. DoC’s $2B Quantum Initiative Puts These 2 Stocks in the Spotlight
- Neutral Sentiment: Some market commentary says IBM’s move is also part of a wider tech/AI trade and momentum in software, rather than being driven by a single company-specific catalyst. Did Trump spark an IBM stock rally? It’s complicated.
- Neutral Sentiment: Some analysts are warning that IBM may be expensive after the run-up, with one note saying GF Value still sees the stock as overvalued despite strong momentum. International Business Machines Corp (IBM) Stock Up 7.6% but GF Value Says Overvalued — GF Score: 77/100
About International Business Machines
International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.
IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.
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