M&R Capital Management Inc. Has $2.05 Million Position in IBM (IBM)

M&R Capital Management Inc. lowered its stake in shares of IBM (NYSE:IBM) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,337 shares of the technology company’s stock after selling 551 shares during the quarter. M&R Capital Management Inc.’s holdings in IBM were worth $2,046,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IBM. Hugh Johnson Advisors LLC boosted its holdings in shares of 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 purchasing an additional 12 shares in the last quarter. Rench Wealth Management Inc. boosted its holdings in shares of 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 purchasing an additional 14 shares in the last quarter. Altavista Wealth Management Inc. boosted its holdings in shares of 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 purchasing an additional 15 shares in the last quarter. Marco Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 40 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA boosted its holdings in shares of IBM by 0.9% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 6,264 shares of the technology company’s stock valued at $964,000 after purchasing an additional 57 shares in the last quarter. 57.05% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $152.00 target price on shares of IBM in a report on Friday, January 19th. Zacks Investment Research raised IBM from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase set a $167.00 target price on IBM and gave the company a “neutral” rating in a report on Friday, January 19th. Goldman Sachs set a $170.00 target price on IBM and gave the company a “neutral” rating in a report on Friday, January 19th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $185.00 target price (up previously from $155.00) on shares of IBM in a report on Thursday, January 18th. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. IBM currently has an average rating of “Hold” and a consensus price target of $166.90.

Shares of NYSE:IBM opened at $146.72 on Friday. The firm has a market cap of $134,085.19, a P/E ratio of 10.63, a P/E/G ratio of 2.13 and a beta of 0.90. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.37 and a quick ratio of 1.33. IBM has a 12-month low of $139.13 and a 12-month high of $171.13.

IBM (NYSE:IBM) last announced its earnings results on Tuesday, April 17th. The technology company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.42 by $0.03. The business had revenue of $19.07 billion during the quarter, compared to analyst estimates of $18.80 billion. IBM had a return on equity of 69.71% and a net margin of 7.10%. IBM’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $2.35 EPS. analysts expect that IBM will post 13.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 9th. Investors of record on Thursday, May 10th will be given a dividend of $1.57 per share. This is a positive change from IBM’s previous quarterly dividend of $1.50. This represents a $6.28 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, May 9th. IBM’s dividend payout ratio (DPR) is currently 43.48%.

In related news, Director Frederick H. Waddell bought 610 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Erich Clementi sold 13,000 shares of the firm’s 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 disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

About IBM

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.

Institutional Ownership by Quarter for IBM (NYSE:IBM)

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