RFG Advisory Group LLC decreased its stake in shares of IBM (NYSE:IBM) by 9.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,729 shares of the technology company’s stock after selling 502 shares during the period. RFG Advisory Group LLC’s holdings in IBM were worth $770,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of IBM. Hugh Johnson Advisors LLC grew its holdings in IBM by 0.9% in the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after buying an additional 12 shares during the last quarter. Rench Wealth Management Inc. grew its holdings in IBM by 1.0% in the 2nd quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock valued at $229,000 after buying an additional 14 shares during the last quarter. Altavista Wealth Management Inc. grew its holdings in IBM by 0.7% in the 2nd quarter. Altavista Wealth Management Inc. now owns 2,193 shares of the technology company’s stock valued at $337,000 after buying an additional 15 shares during the last quarter. Marco Investment Management LLC grew its holdings in IBM by 0.3% in the 2nd quarter. Marco Investment Management LLC now owns 15,049 shares of the technology company’s stock valued at $2,315,000 after buying an additional 40 shares during the last quarter. Finally, Day & Ennis LLC grew its holdings in IBM by 0.5% in the 2nd quarter. Day & Ennis LLC now owns 9,326 shares of the technology company’s stock valued at $1,435,000 after buying an additional 43 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.
IBM stock opened at $150.57 on Friday. 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 company has a market cap of $141,887.48, a P/E ratio of 10.91, a P/E/G ratio of 2.25 and a beta of 0.90. IBM has a one year low of $139.13 and a one year high of $172.93.
IBM (NYSE:IBM) last posted its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. IBM had a return on equity of 69.48% and a net margin of 7.27%. IBM’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $5.01 EPS. equities research analysts forecast that IBM will post 13.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 9th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.98%. IBM’s dividend payout ratio (DPR) is presently 43.48%.
In other IBM news, insider Erich Clementi sold 13,000 shares of IBM stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $154.66, for a total value of $2,010,580.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick H. Waddell acquired 610 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $163.38 per share, with a total value of $99,661.80. The disclosure for this purchase can be found here. 0.17% of the stock is owned by company insiders.
A number of analysts have issued reports on the company. Bank of America reaffirmed a “buy” rating and issued a $200.00 target price on shares of IBM in a report on Monday, March 26th. Pivotal Research set a $180.00 target price on IBM and gave the company a “buy” rating in a report on Tuesday, March 20th. BMO Capital Markets reiterated a “hold” rating and issued a $175.00 price objective on shares of IBM in a research report on Friday, March 9th. Morgan Stanley downgraded IBM from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $200.00 to $205.00 in a research report on Tuesday, January 23rd. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $152.00 price objective on shares of IBM in a research report on Friday, January 19th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the stock. IBM has a consensus rating of “Hold” and an average target price of $166.01.
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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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