12 hours Ago By ABMN Staff
Middleton & Co. Inc. MA boosted its holdings in shares of International Business Machines Co.
( NYSE:IBM – Free Report ) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,742 shares of the technology company’s stock after acquiring an additional 60 shares during the period.
Middleton & Co. Inc. MA’s holdings in International Business Machines were worth $301,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of International Business Machines in the first quarter valued at approximately $26,000.
ESL Trust Services LLC acquired a new position in International Business Machines during the first quarter worth $28,000. Creekmur Asset Management LLC purchased a new stake in International Business Machines in the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc.
acquired a new stake in shares of International Business Machines in the 4th quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its holdings in shares of International Business Machines by 164.
0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after acquiring an additional 123 shares during the period.
Institutional investors and hedge funds own 58.96% of the company’s stock. Analyst Ratings Changes Several research firms recently issued reports on IBM.
Jefferies Financial Group raised their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th.
StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Evercore ISI upped their price objective on International Business Machines from $215.
00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. The Goldman Sachs Group started coverage on International Business Machines in a research note on Monday, June 24th.
They set a “buy” rating and a $200.00 target price for the company. Finally, UBS Group lifted their target price on International Business Machines from $130.
00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company.
Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $188.60.
International Business Machines Trading Up 0.3 % NYSE IBM opened at $214.86 on Thursday.
The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.
12. The firm has a market cap of $197.37 billion, a price-to-earnings ratio of 24.
33, a PEG ratio of 4.67 and a beta of 0.70.
The firm has a 50 day simple moving average of $195.11 and a 200-day simple moving average of $184.00.
International Business Machines Co. has a one year low of $135.87 and a one year high of $218.
84. International Business Machines ( NYSE:IBM – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.
43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27.
International Business Machines had a net margin of 13.52% and a return on equity of 40.59%.
The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion.
During the same quarter last year, the company posted $2.18 EPS. The firm’s revenue was up 1.
9% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Co. will post 10.
1 EPS for the current fiscal year. International Business Machines Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $1.
67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.
68 annualized dividend and a yield of 3.11%. International Business Machines’s dividend payout ratio (DPR) is 75.
65%. International Business Machines Profile ( 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. Featured Stories Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Co.
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