Chesley Taft & Associates LLC grew its position in shares of International Business Machines Corp. (NYSE:IBM) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 41,827 shares of the technology company’s stock after purchasing an additional 701 shares during the quarter. Chesley Taft & Associates LLC’s holdings in International Business Machines were worth $6,417,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Herndon Capital Management LLC grew its holdings in shares of International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after acquiring an additional 195 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth $121,000. Peddock Capital Advisors LLC grew its holdings in shares of International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after acquiring an additional 62 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in shares of International Business Machines in the 3rd quarter worth $136,000. Finally, Risk Paradigm Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth $165,000. Institutional investors own 57.08% of the company’s stock.
In related news, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction on Wednesday, January 31st. The stock was bought at an average price of $163.38 per share, with a total value of $99,661.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by insiders.
A number of equities analysts recently issued reports on the company. BMO Capital Markets restated a “hold” rating and issued a $175.00 target price on shares of International Business Machines in a report on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded International Business Machines from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Pivotal Research set a $180.00 price target on International Business Machines and gave the company a “buy” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the company a “neutral” rating in a report on Friday, January 19th. Finally, Wedbush reiterated a “neutral” rating and set a $185.00 price target (up previously from $155.00) on shares of International Business Machines in a report on Thursday, January 18th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $164.37.
Shares of International Business Machines Corp. (NYSE IBM) opened at $156.18 on Monday. The stock has a market capitalization of $144,590.00, a price-to-earnings ratio of 12.95, a P/E/G ratio of 2.28 and a beta of 0.94. International Business Machines Corp. has a 12-month low of $139.13 and a 12-month high of $182.55. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25.
International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. The firm had revenue of $22.54 billion during 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 business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.01 earnings per share. equities analysts forecast that International Business Machines Corp. will post 13.82 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.84%. International Business Machines’s dividend payout ratio is currently 49.75%.
About International Business Machines
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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