Capital Investment Advisors LLC Buys 526 Shares of International Business Machines Co. (NYSE:IBM)

Capital Investment Advisors LLC boosted its stake in International Business Machines Co. (NYSE:IBMGet Rating) by 0.8% in the first quarter, HoldingsChannel reports. The firm owned 62,539 shares of the technology company’s stock after acquiring an additional 526 shares during the period. Capital Investment Advisors LLC’s holdings in International Business Machines were worth $8,131,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. IFS Advisors LLC bought a new stake in International Business Machines in the fourth quarter valued at about $28,000. Total Clarity Wealth Management Inc. increased its holdings in shares of International Business Machines by 537.5% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock worth $34,000 after acquiring an additional 215 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of International Business Machines in the fourth quarter worth about $37,000. Claremont Financial Group Inc. bought a new stake in shares of International Business Machines in the fourth quarter worth about $38,000. Finally, Consolidated Planning Corp acquired a new position in shares of International Business Machines during the third quarter worth about $50,000. Institutional investors and hedge funds own 55.22% of the company’s stock.

In other news, major shareholder Business Machine International sold 22,301,536 shares of International Business Machines stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $13.95, for a total value of $311,106,427.20. Following the completion of the transaction, the insider now directly owns 22,301,536 shares of the company’s stock, valued at approximately $311,106,427.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Several brokerages recently commented on IBM. Morgan Stanley increased their price target on International Business Machines from $150.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. StockNews.com began coverage on International Business Machines in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Credit Suisse Group raised their price objective on International Business Machines from $165.00 to $166.00 and gave the company an “outperform” rating in a research report on Wednesday, April 20th. BMO Capital Markets raised their price objective on International Business Machines from $148.00 to $152.00 and gave the company a “market perform” rating in a research report on Wednesday, April 20th. Finally, Bank of America raised their price objective on International Business Machines from $162.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $147.25.

Shares of IBM stock opened at $137.08 on Thursday. The stock’s fifty day moving average price is $135.37 and its two-hundred day moving average price is $131.54. The company has a market cap of $123.29 billion, a PE ratio of 22.47, a P/E/G ratio of 1.55 and a beta of 1.00. International Business Machines Co. has a fifty-two week low of $114.56 and a fifty-two week high of $147.50. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.92.

International Business Machines (NYSE:IBMGet Rating) last issued its earnings results on Tuesday, April 19th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $13.84 billion. During the same quarter last year, the business posted $1.77 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Co. will post 9.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th were given a $1.65 dividend. The ex-dividend date of this dividend was Monday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.64. This represents a $6.60 annualized dividend and a dividend yield of 4.81%. International Business Machines’s dividend payout ratio (DPR) is 108.20%.

About International Business Machines (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

Further Reading

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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