Shares of IBM (NYSE:IBM) have earned an average rating of “Hold” from the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $157.00.
IBM has been the subject of several research analyst reports. Cantor Fitzgerald reiterated a “hold” rating and issued a $140.00 price target on shares of IBM in a report on Wednesday, January 16th. Citigroup upped their price target on shares of IBM from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. ValuEngine upgraded shares of IBM from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. BMO Capital Markets upped their price target on shares of IBM from $147.00 to $155.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of IBM from a “sell” rating to a “hold” rating in a report on Monday, April 22nd.
Shares of IBM stock traded down $0.02 on Friday, hitting $135.32. The company had a trading volume of 3,977,586 shares, compared to its average volume of 3,977,767. The stock has a market capitalization of $120.00 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 2.46 and a beta of 1.23. IBM has a twelve month low of $105.94 and a twelve month high of $154.36. The company has a quick ratio of 1.31, a current ratio of 1.36 and a debt-to-equity ratio of 2.39.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $1.62 per share. This is a boost from IBM’s previous quarterly dividend of $1.57. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.48 annualized dividend and a yield of 4.79%. IBM’s dividend payout ratio is presently 46.92%.
In other IBM news, insider Erich Clementi sold 13,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.01, for a total transaction of $1,807,130.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Diane J. Gherson sold 1,989 shares of the company’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $137.25, for a total transaction of $272,990.25. The disclosure for this sale can be found here. Insiders have sold 15,113 shares of company stock valued at $2,096,923 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MUFG Securities EMEA plc increased its position in IBM by 44.8% during the fourth quarter. MUFG Securities EMEA plc now owns 216,780 shares of the technology company’s stock worth $24,641,000 after acquiring an additional 67,055 shares during the period. Sycomore Asset Management acquired a new stake in shares of IBM in the 4th quarter valued at approximately $81,000. Cozad Asset Management Inc. boosted its stake in shares of IBM by 39.2% in the 4th quarter. Cozad Asset Management Inc. now owns 3,171 shares of the technology company’s stock valued at $360,000 after purchasing an additional 893 shares in the last quarter. BB&T Corp boosted its stake in shares of IBM by 1.8% in the 1st quarter. BB&T Corp now owns 51,779 shares of the technology company’s stock valued at $7,306,000 after purchasing an additional 901 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new position in IBM in the 4th quarter valued at approximately $34,000. 55.65% of the stock is currently owned by hedge funds and other institutional investors.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.
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