GWM Advisors LLC grew its stake in IBM (NYSE:IBM) by 27.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,243 shares of the technology company’s stock after acquiring an additional 1,134 shares during the period. GWM Advisors LLC’s holdings in IBM were worth $857,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI increased its stake in IBM by 105.0% during the 2nd quarter. Citizens Financial Group Inc RI now owns 41,664 shares of the technology company’s stock worth $6,409,000 after buying an additional 21,337 shares during the period. CWA Asset Management Group LLC increased its stake in IBM by 23.2% during the 2nd quarter. CWA Asset Management Group LLC now owns 19,262 shares of the technology company’s stock worth $2,963,000 after buying an additional 3,629 shares during the period. Hugh Johnson Advisors LLC increased its stake in IBM by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after buying an additional 12 shares during the period. Ameriprise Financial Inc. increased its stake in IBM by 27.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,744,912 shares of the technology company’s stock worth $267,201,000 after buying an additional 370,775 shares during the period. Finally, Bridgewater Associates LP increased its stake in IBM by 3.5% during the 2nd quarter. Bridgewater Associates LP now owns 87,567 shares of the technology company’s stock worth $13,470,000 after buying an additional 2,921 shares during the period. 57.02% of the stock is currently owned by institutional investors and hedge funds.
IBM has been the topic of several recent research reports. Zacks Investment Research downgraded shares of IBM from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Societe Generale set a $149.00 target price on shares of IBM and gave the stock a “sell” rating in a research note on Friday, January 19th. Vetr downgraded shares of IBM from a “strong-buy” rating to a “buy” rating and set a $173.45 target price on the stock. in a research note on Tuesday, December 12th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $152.00 target price on shares of IBM in a research note on Friday, January 19th. Finally, Morgan Stanley upped their target price on shares of IBM to $198.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. IBM has an average rating of “Hold” and a consensus target price of $166.01.
Shares of IBM stock opened at $150.57 on Friday. IBM has a 12-month low of $139.13 and a 12-month high of $172.93. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $141,970.39, a PE ratio of 10.91, a P/E/G ratio of 2.25 and a beta of 0.90.
IBM (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 consensus estimate of $5.17 by $0.01. IBM had a net margin of 7.27% and a return on equity of 69.48%. The business had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter in the prior year, the business posted $5.01 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. research analysts expect that IBM will post 13.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Thursday, February 8th. IBM’s payout ratio is 43.48%.
In other news, insider Erich Clementi sold 13,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $154.66, for a total value of $2,010,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.00, for a total transaction of $780,000.00. Following the completion of the transaction, the insider now owns 20,581 shares of the company’s stock, valued at approximately $3,210,636. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
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IBM Company Profile
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
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