HC Financial Advisors Inc. acquired a new stake in shares of IBM (NYSE:IBM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,327 shares of the technology company’s stock, valued at approximately $2,198,000. IBM accounts for 2.1% of HC Financial Advisors Inc.’s portfolio, making the stock its 16th biggest position.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in IBM by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB boosted its holdings in IBM by 151.2% during the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after buying an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in IBM by 1,155.3% during the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after buying an additional 1,249,916 shares in the last quarter. BlackRock Inc. boosted its holdings in IBM by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in IBM by 9,678.2% during the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after buying an additional 807,553 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.
A number of brokerages recently weighed in on IBM. Cantor Fitzgerald restated a “hold” rating and set a $152.00 target price on shares of IBM in a report on Friday, January 19th. Zacks Investment Research cut shares of IBM from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. JPMorgan Chase set a $167.00 target price on shares of IBM and gave the stock a “neutral” rating in a report on Friday, January 19th. Goldman Sachs set a $170.00 target price on shares of IBM and gave the stock a “neutral” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada restated a “buy” rating and set a $180.00 target price on shares of IBM in a report on Friday, January 19th. Six research 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $166.01.
Shares of NYSE:IBM opened at $150.57 on Monday. The firm has a market cap of $138,700.28, a price-to-earnings ratio of 10.91, a P/E/G ratio of 2.20 and a beta of 0.90. IBM has a 12-month low of $139.13 and a 12-month high of $172.93. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29.
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 analysts’ consensus estimates of $5.17 by $0.01. The company had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. IBM had a net margin of 7.27% and a return on equity of 69.48%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $5.01 EPS. equities 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. Shareholders of record on Friday, February 9th were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Thursday, February 8th. IBM’s dividend payout ratio (DPR) is currently 43.48%.
In other news, insider Erich Clementi sold 13,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $154.66, for a total transaction of $2,010,580.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederick H. Waddell purchased 610 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were acquired at an average price of $163.38 per share, for a total transaction of $99,661.80. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.
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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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