Mercer Capital Advisers Inc. reduced its position in shares of International Business Machines Corp. (NYSE:IBM) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,511 shares of the technology company’s stock after selling 970 shares during the period. International Business Machines makes up about 0.8% of Mercer Capital Advisers Inc.’s investment portfolio, making the stock its 26th largest position. Mercer Capital Advisers Inc.’s holdings in International Business Machines were worth $1,152,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Private Capital Management Inc. boosted its stake in International Business Machines by 71.3% in the 3rd quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock valued at $497,000 after buying an additional 1,425 shares in the last quarter. Caxton Associates LP boosted its stake in International Business Machines by 23.5% in the second quarter. Caxton Associates LP now owns 4,200 shares of the technology company’s stock worth $646,000 after purchasing an additional 800 shares in the last quarter. Flippin Bruce & Porter Inc. boosted its stake in International Business Machines by 6.2% in the second quarter. Flippin Bruce & Porter Inc. now owns 85,378 shares of the technology company’s stock worth $13,134,000 after purchasing an additional 4,956 shares in the last quarter. Intl Fcstone Inc. acquired a new position in International Business Machines in the second quarter worth $1,116,000. Finally, Adviser Investments LLC raised its position in shares of International Business Machines by 8.2% during the third quarter. Adviser Investments LLC now owns 12,714 shares of the technology company’s stock worth $1,845,000 after acquiring an additional 965 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
International Business Machines Corp. (NYSE:IBM) traded down $1.20 during trading on Wednesday, reaching $158.12. The company had a trading volume of 3,571,322 shares, compared to its average volume of 5,813,619. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $179.00. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $146,470.00, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.
International Business Machines (NYSE:IBM) last issued its earnings results 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. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The business had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter in the previous year, the firm posted $5.01 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. equities analysts anticipate that International Business Machines Corp. will post 13.83 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were issued a $1.50 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.79%. International Business Machines’s payout ratio is currently 49.83%.
In related news, Director Frederick H. Waddell bought 610 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average cost of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.00, for a total transaction of $780,000.00. Following the completion of the transaction, the insider now owns 20,581 shares of the company’s stock, valued at $3,210,636. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.
IBM has been the subject of a number of recent research reports. Tigress Financial restated a “buy” rating on shares of International Business Machines in a research report on Friday, December 1st. Vetr downgraded International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 price objective for the company. in a report on Tuesday, December 12th. Pivotal Research set a $180.00 price objective on International Business Machines and gave the stock a “buy” rating in a research report on Thursday, January 18th. Bank of America reaffirmed a “buy” rating and set a $200.00 price objective on shares of International Business Machines in a research report on Friday, January 19th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $180.00 price target on shares of International Business Machines in a research report on Friday, January 19th. Six 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $166.01.
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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