Portland Global Advisors LLC boosted its holdings in International Business Machines Corp. (NYSE:IBM) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,041 shares of the technology company’s stock after buying an additional 1,395 shares during the period. International Business Machines makes up about 1.1% of Portland Global Advisors LLC’s investment portfolio, making the stock its 20th largest position. Portland Global Advisors LLC’s holdings in International Business Machines were worth $2,921,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. ETF Managers Group LLC bought a new stake in shares of International Business Machines during the second quarter valued at approximately $121,000. Price Wealth Management Inc. bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $122,000. Cerebellum GP LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $126,000. Horan Capital Advisors LLC. bought a new stake in shares of International Business Machines during the third quarter valued at approximately $136,000. Finally, MPS Loria Financial Planners LLC bought a new stake in shares of International Business Machines during the second quarter valued at approximately $156,000. 56.99% of the stock is currently owned by institutional investors.
International Business Machines Corp. (NYSE IBM) opened at $157.35 on Tuesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The company has a market capitalization of $147,626.36, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. International Business Machines Corp. has a one year low of $139.13 and a one year high of $176.33.
International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The company had revenue of $22.54 billion for the quarter, compared to analyst estimates 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 was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.01 earnings per share. sell-side analysts expect that International Business Machines Corp. will post 13.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 9th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 98.20%.
In other International Business Machines news, Director Frederick H. Waddell acquired 610 shares of International Business Machines stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Erich Clementi sold 13,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $154.66, for a total value of $2,010,580.00. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on the company. BMO Capital Markets restated a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a research 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 research report on Wednesday, January 10th. Pivotal Research set a $180.00 price objective on International Business Machines and gave the company a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. set a $167.00 price objective on International Business Machines and gave the company a “neutral” rating in a research report on Friday, January 19th. Finally, Wedbush restated a “neutral” rating and set a $185.00 price objective (up from $155.00) on shares of International Business Machines in a research report on Thursday, January 18th. They noted that the move was a valuation call. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. International Business Machines has an average rating of “Hold” and an average price target of $166.01.
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International Business Machines Company 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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