International Business Machines Co. (NYSE:IBM) Shares Bought by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,534 shares of the technology company’s stock after purchasing an additional 130 shares during the period. LVM Capital Management Ltd. MI’s holdings in International Business Machines were worth $1,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Cantor Fitzgerald Investment Advisor L.P grew its position in shares of International Business Machines by 97.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after acquiring an additional 127,093 shares during the period. Roundview Capital LLC acquired a new stake in shares of International Business Machines during the 1st quarter valued at about $203,000. Sei Investments Co. grew its position in shares of International Business Machines by 35.7% during the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after acquiring an additional 46,756 shares during the period. Candriam Luxembourg S.C.A. grew its position in shares of International Business Machines by 1.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after acquiring an additional 1,821 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in International Business Machines by 1.5% in the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after buying an additional 5,506 shares in the last quarter. 56.16% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.1 %

Shares of International Business Machines stock traded up $0.09 during trading hours on Friday, reaching $147.44. 1,187,185 shares of the company were exchanged, compared to its average volume of 4,525,596. International Business Machines Co. has a 1 year low of $115.54 and a 1 year high of $153.21. The stock’s fifty day moving average is $142.01 and its 200 day moving average is $133.43. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market cap of $134.32 billion, a PE ratio of 68.23, a PEG ratio of 3.72 and a beta of 0.85.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a dividend of $1.66 per share. The ex-dividend date was Wednesday, August 9th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 4.50%. International Business Machines’s payout ratio is currently 307.41%.

Analyst Ratings Changes

A number of brokerages recently weighed in on IBM. 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 note 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 note on Thursday, July 20th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. BMO Capital Markets raised their target price on shares of International Business Machines from $145.00 to $150.00 and gave the stock a “market perform” rating in a research note on Monday, July 17th. Finally, JPMorgan Chase & Co. initiated coverage on shares of International Business Machines in a research note on Friday, July 7th. They issued a “neutral” rating and a $145.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $142.91.

International Business Machines Profile

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.