Capital Market Strategies LLC Takes $481,000 Position in International Business Machines Co. (NYSE:IBM)

Capital Market Strategies LLC bought a new stake in International Business Machines Co. (NYSE:IBM) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,596 shares of the technology company’s stock, valued at approximately $481,000.

Several other large investors also recently made changes to their positions in the company. Green Alpha Advisors LLC grew its stake in shares of International Business Machines by 3.4% in the 2nd quarter. Green Alpha Advisors LLC now owns 17,773 shares of the technology company’s stock valued at $2,378,000 after buying an additional 581 shares during the period. Apella Capital LLC acquired a new stake in shares of International Business Machines in the 2nd quarter valued at about $309,000. HBW Advisory Services LLC grew its stake in shares of International Business Machines by 16.9% in the 2nd quarter. HBW Advisory Services LLC now owns 10,731 shares of the technology company’s stock valued at $1,436,000 after buying an additional 1,549 shares during the period. DnB Asset Management AS lifted its position in International Business Machines by 4.1% in the 2nd quarter. DnB Asset Management AS now owns 249,475 shares of the technology company’s stock valued at $33,382,000 after acquiring an additional 9,734 shares in the last quarter. Finally, Abner Herrman & Brock LLC lifted its position in International Business Machines by 3.4% in the 2nd quarter. Abner Herrman & Brock LLC now owns 147,108 shares of the technology company’s stock valued at $19,684,000 after acquiring an additional 4,881 shares in the last quarter. 56.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on IBM shares. Wedbush reaffirmed a “neutral” rating and issued a $140.00 price target on shares of International Business Machines in a research report on Thursday, July 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $135.00 price target on shares of International Business Machines in a research report on Thursday, July 20th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Stifel Nicolaus raised their price target on shares of International Business Machines from $140.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Finally, Bank of America raised their price target on shares of International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $142.91.

International Business Machines Trading Up 0.6 %

NYSE:IBM opened at $147.38 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $134.26 billion, a PE ratio of 68.23, a price-to-earnings-growth ratio of 3.72 and a beta of 0.85. The firm’s 50 day moving average is $142.01 and its 200 day moving average is $133.43. International Business Machines Co. has a 12 month low of $115.54 and a 12 month high of $153.21.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.18. The company had revenue of $15.48 billion for the quarter, compared to analysts’ expectations of $15.58 billion. International Business Machines had a net margin of 3.35% and a return on equity of 38.10%. International Business Machines’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 EPS. Sell-side analysts expect that International Business Machines Co. will post 9.43 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a $1.66 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $6.64 dividend on an annualized basis and a yield of 4.51%. International Business Machines’s dividend payout ratio is 307.41%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.