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Cwm LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)
Cwm LLC purchased a new position in International Business Machines Co. (NYSE:IBM – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 50,858 shares of the technology company’s stock, valued at approximately $6,798,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boenning & Scattergood Inc. raised its position in shares of International Business Machines by 4.3% in the 3rd quarter. Boenning & Scattergood Inc. now owns 40,682 shares of the technology company’s stock valued at $5,652,000 after purchasing an additional 1,668 shares in the last quarter. Commerce Bank raised its position in shares of International Business Machines by 10.1% in the 3rd quarter. Commerce Bank now owns 181,550 shares of the technology company’s stock valued at $25,223,000 after purchasing an additional 16,652 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of International Business Machines by 7.8% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,382,536 shares of the technology company’s stock valued at $192,075,000 after purchasing an additional 99,820 shares in the last quarter. Stockman Wealth Management Inc. raised its position in shares of International Business Machines by 3.9% in the 3rd quarter. Stockman Wealth Management Inc. now owns 54,508 shares of the technology company’s stock valued at $7,573,000 after purchasing an additional 2,032 shares in the last quarter. Finally, San Luis Wealth Advisors LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at approximately $2,225,000. Hedge funds and other institutional investors own 54.91% of the company’s stock.
Shares of NYSE IBM opened at $129.39 on Thursday. The stock has a market cap of $116.36 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.20 and a beta of 1.10. The firm’s 50-day simple moving average is $128.96 and its 200 day simple moving average is $129.44. International Business Machines Co. has a fifty-two week low of $114.56 and a fifty-two week high of $152.84. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 2.36.
International Business Machines (NYSE:IBM – Get Rating) last released its quarterly earnings results on Monday, January 24th. The technology company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.04). The company had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $15.96 billion. International Business Machines had a return on equity of 42.49% and a net margin of 8.11%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.07 earnings per share. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Friday, February 11th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Thursday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 103.31%.
Several brokerages recently issued reports on IBM. UBS Group reduced their price objective on International Business Machines from $124.00 to $118.00 in a research note on Tuesday, January 25th. StockNews.com began coverage on shares of International Business Machines in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Stifel Nicolaus dropped their price target on International Business Machines from $151.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, December 15th. BMO Capital Markets boosted their price objective on International Business Machines from $153.00 to $155.00 and gave the company a “market perform” rating in a research report on Tuesday, January 25th. Finally, The Goldman Sachs Group began coverage on International Business Machines in a research report on Sunday, January 9th. They issued a “neutral” rating and a $140.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $147.18.
International Business Machines Company Profile (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.
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