Pine Valley Investments Ltd Liability Co Buys 1,365 Shares of International Business Machines Co. (NYSE:IBM)

Pine Valley Investments Ltd Liability Co raised its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,148 shares of the technology company’s stock after purchasing an additional 1,365 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in International Business Machines were worth $3,459,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Desjardins Global Asset Management Inc. grew its position in shares of International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares in the last quarter. Calamos Wealth Management LLC grew its position in International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after acquiring an additional 55 shares in the last quarter. Avion Wealth grew its position in International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares in the last quarter. Northwest Capital Management Inc grew its position in International Business Machines by 5.0% in the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after acquiring an additional 59 shares in the last quarter. Finally, Financial Security Advisor Inc. grew its position in International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after acquiring an additional 61 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

IBM stock traded down $1.78 on Wednesday, hitting $167.88. The company had a trading volume of 930,714 shares, compared to its average volume of 4,691,568. International Business Machines Co. has a 12-month low of $127.46 and a 12-month high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock’s 50-day simple moving average is $178.23 and its 200 day simple moving average is $174.54. The stock has a market cap of $154.22 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 4.21 and a beta of 0.74.

International Business Machines (NYSE:IBMGet Free Report) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter last year, the company posted $1.36 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts expect that International Business Machines Co. will post 9.91 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business 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 $1.67 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.98%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IBM. BNP Paribas initiated coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a research note on Thursday, May 16th. UBS Group increased their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday, April 22nd. BMO Capital Markets decreased their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Finally, Morgan Stanley decreased their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target of $181.29.

View Our Latest Report on International Business Machines

About International Business Machines

(Free Report)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

Further Reading

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

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