Tranquilli Financial Advisor LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,695 shares of the technology company's stock, valued at approximately $373,000.
Several other institutional investors and hedge funds have also bought and sold shares of IBM. Meeder Asset Management Inc. raised its position in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after purchasing an additional 166 shares during the period. Brady Martz Wealth Solutions LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $1,940,000. Philip James Wealth Mangement LLC acquired a new position in International Business Machines during the third quarter valued at approximately $5,117,000. Nordea Investment Management AB lifted its stake in International Business Machines by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock worth $16,615,000 after purchasing an additional 4,625 shares during the last quarter. Finally, M.E. Allison & CO. Inc. bought a new position in International Business Machines in the fourth quarter valued at about $1,034,000. Institutional investors own 58.96% of the company's stock.
International Business Machines Stock Performance
Shares of NYSE:IBM traded down $1.13 during midday trading on Friday, reaching $252.31. The company had a trading volume of 2,606,917 shares, compared to its average volume of 4,856,259. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The company's 50 day moving average price is $229.26 and its 200 day moving average price is $216.45. The stock has a market cap of $233.30 billion, a P/E ratio of 39.36, a P/E/G ratio of 5.63 and a beta of 0.76. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.
International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.73 EPS for the current fiscal year.
International Business Machines Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, February 10th. International Business Machines's payout ratio is 104.21%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on IBM. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday. Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. UBS Group increased their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $225.53.
Check Out Our Latest Research Report on IBM
About International Business Machines
(
Free Report)
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
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