Howland Capital Management LLC lowered its stake in International Business Machines Corp. (NYSE:IBM) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,650 shares of the technology company’s stock after selling 1,773 shares during the quarter. Howland Capital Management LLC’s holdings in International Business Machines were worth $2,094,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS increased its stake in International Business Machines by 40.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 237,595 shares of the technology company’s stock valued at $36,452,000 after purchasing an additional 68,330 shares in the last quarter. Dividend Assets Capital LLC increased its stake in International Business Machines by 2,069.8% during the 4th quarter. Dividend Assets Capital LLC now owns 104,150 shares of the technology company’s stock valued at $15,978,000 after purchasing an additional 99,350 shares in the last quarter. Hamlin Capital Management LLC bought a new stake in International Business Machines during the 4th quarter valued at $70,855,000. Dean Capital Investments Management LLC bought a new stake in International Business Machines during the 4th quarter valued at $298,000. Finally, Pineno Levin & Ford Asset Management Inc. increased its stake in International Business Machines by 1.6% during the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 28,645 shares of the technology company’s stock valued at $4,395,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.
International Business Machines Corp. (NYSE:IBM) opened at $160.26 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. The firm has a market cap of $147,027.59, a PE ratio of 26.23, a P/E/G ratio of 2.33 and a beta of 0.94. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $176.79.
International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.01 EPS. analysts predict that International Business Machines Corp. will post 13.83 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 9th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is currently 98.20%.
IBM has been the subject of a number of recent research reports. Morgan Stanley lowered shares of International Business Machines from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $200.00 to $205.00 in a research note on Tuesday, January 23rd. Societe Generale set a $149.00 price target on shares of International Business Machines and gave the company a “sell” rating in a research note on Friday, January 19th. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target for the company in a research note on Wednesday, December 6th. BMO Capital Markets restated a “hold” rating and set a $175.00 price target on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. Finally, Barclays upgraded shares of International Business Machines from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $133.00 to $192.00 in a research note on Wednesday, January 17th. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. International Business Machines presently has an average rating of “Hold” and a consensus price target of $166.01.
In related news, Director Frederick H. Waddell purchased 610 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average cost of $163.38 per share, with a total value of $99,661.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Erich Clementi sold 13,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $154.66, for a total transaction of $2,010,580.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.
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International Business Machines Profile
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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