Welch Investments LLC Grows Stake in International Business Machines Corp. (NYSE:IBM)

Welch Investments LLC raised its stake in shares of International Business Machines Corp. (NYSE:IBM) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,261 shares of the technology company’s stock after acquiring an additional 3,048 shares during the quarter. Welch Investments LLC’s holdings in International Business Machines were worth $4,100,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. New England Research & Management Inc. raised its stake in shares of International Business Machines by 62.8% during the 2nd quarter. New England Research & Management Inc. now owns 9,853 shares of the technology company’s stock valued at $1,516,000 after buying an additional 3,800 shares during the last quarter. Lincoln Capital LLC acquired a new stake in International Business Machines in the 2nd quarter worth about $259,000. Carlson Capital Management boosted its holdings in International Business Machines by 14.0% in the 2nd quarter. Carlson Capital Management now owns 3,759 shares of the technology company’s stock worth $578,000 after buying an additional 461 shares during the last quarter. Portland Global Advisors LLC boosted its holdings in International Business Machines by 3.7% in the 2nd quarter. Portland Global Advisors LLC now owns 17,494 shares of the technology company’s stock worth $2,691,000 after buying an additional 625 shares during the last quarter. Finally, Laurel Grove Capital LLC boosted its holdings in International Business Machines by 39.3% in the 2nd quarter. Laurel Grove Capital LLC now owns 20,191 shares of the technology company’s stock worth $3,106,000 after buying an additional 5,700 shares during the last quarter. 57.08% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Morgan Stanley cut International Business Machines from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $200.00 to $205.00 in a report on Tuesday, January 23rd. Cantor Fitzgerald restated a “hold” rating and set a $152.00 target price on shares of International Business Machines in a report on Friday, January 19th. Royal Bank of Canada reaffirmed a “buy” rating and set a $180.00 price target on shares of International Business Machines in a research report on Friday, January 19th. Societe Generale set a $149.00 price target on shares of International Business Machines and gave the company a “sell” rating in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 price target on shares of International Business Machines and gave the company a “neutral” rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company. International Business Machines currently has a consensus rating of “Hold” and an average price target of $164.37.

In other International Business Machines news, Director Frederick H. Waddell purchased 610 shares of the stock in a transaction dated Wednesday, January 31st. The shares were acquired at an average cost of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

Shares of International Business Machines Corp. (NYSE:IBM) traded up $1.88 during trading on Monday, reaching $151.40. 5,880,000 shares of the company’s stock were exchanged, compared to its average volume of 6,670,000. International Business Machines Corp. has a 12 month low of $139.13 and a 12 month high of $182.79. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. The stock has a market capitalization of $140,160.00, a PE ratio of 24.78, a PEG ratio of 2.19 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The company had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same period last year, the company posted $5.01 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. research analysts predict that International Business Machines Corp. will post 13.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 9th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.96%. International Business Machines’s dividend payout ratio is presently 98.20%.

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About International Business Machines

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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

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