Burns JW & Co. Inc. NY increased its stake in International Business Machines Co. by 10.8% in the first quarter, acquiring 250 additional shares to bring their total to 2,571 shares worth $491,000. Other hedge funds and institutional investors have also adjusted their holdings in IBM. Vontobel Holding Ltd. now owns 477,193 shares of IBM’s stock, while Tsfg LLC, Auxano Advisors LLC, Waverly Advisors LLC, and West Family Investments Inc. have also increased their holdings. Together, institutional investors and hedge funds own 58.96% of IBM’s stock.
Wall Street analysts have provided various reports on IBM, with conflicting price targets and ratings. Wedbush and stockbroker.com news gave a neutral rating and a buy rating, respectively, while JPMorgan Chase & Co., UBS Group, and Jefferies Financial Group offered neutral, sell, and hold ratings, respectively. On average, analysts have rated IBM as a hold with a consensus price target of $182.53.
IBM’s stock performance shows that shares opened at $172.95 on Friday, with a 50-day moving average of $169.95 and a 200-day moving average of $176.48. The company’s market capitalization is $158.87 billion, with a price-to-earnings ratio of 19.59, PEG ratio of 4.27, and beta of 0.72. IBM’s quick ratio stands at 1.09, the current ratio at 1.13, and the debt-to-equity ratio at 2.32.
In the latest earnings report on April 30th, IBM beat analysts’ estimates with earnings per share of $1.68 on revenue of $14.46 billion. The company’s return on equity was 40.21%, and net margin was 13.18%. IBM increased its dividend to $1.67 per share, reflecting an annualized dividend of $6.68 and a yield of 3.86%. The company’s payout ratio is 75.65%.
International Business Machines Corporation offers integrated solutions and services globally through its Software, Consulting, Infrastructure, and Finance segments. The Software segment focuses on hybrid cloud and AI platforms to aid customers in their digital and AI transformations. For more information on IBM’s stock holdings and insider trading, visit HoldingsChannel.com for the latest updates.
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