Kera Capital Partners Inc. bought a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,180 shares of the technology company's stock, valued at approximately $6,195,000. International Business Machines makes up approximately 1.8% of Kera Capital Partners Inc.'s holdings, making the stock its 18th biggest holding.
A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. Ellenbecker Investment Group increased its position in shares of International Business Machines by 2.3% during the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after purchasing an additional 46 shares during the last quarter. Goldstein Advisors LLC grew its position in International Business Machines by 4.0% during the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after buying an additional 47 shares during the period. Vertex Planning Partners LLC increased its holdings in International Business Machines by 3.6% during the third quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock valued at $298,000 after buying an additional 47 shares during the last quarter. Forza Wealth Management LLC raised its position in International Business Machines by 0.4% in the fourth quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company's stock worth $2,891,000 after acquiring an additional 47 shares during the period. Finally, Sollinda Capital Management LLC boosted its stake in shares of International Business Machines by 3.7% during the 3rd quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock worth $301,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 58.96% of the company's stock.
International Business Machines Trading Up 0.9 %
NYSE:IBM traded up $2.07 during mid-day trading on Friday, hitting $224.73. 5,481,686 shares of the stock traded hands, compared to its average volume of 2,994,162. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $207.80 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The firm's 50 day moving average is $222.87 and its two-hundred day moving average is $210.89.
International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. On average, equities research analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current year.
International Business Machines Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on IBM. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. Finally, UBS Group boosted their price objective on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $215.81.
Check Out Our Latest Stock Analysis on International Business Machines
Insider Buying and Selling at International Business Machines
In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.07% of the company's stock.
International Business Machines Profile
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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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