International Business Machines Co. (NYSE:IBM) Shares Bought by Cable Hill Partners LLC

Cable Hill Partners LLC raised its position in shares of International Business Machines Co. (NYSE:IBM) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,154 shares of the technology company’s stock after purchasing an additional 364 shares during the period. Cable Hill Partners LLC’s holdings in International Business Machines were worth $1,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. Kingsview Wealth Management LLC lifted its holdings in International Business Machines by 9.3% in the first quarter. Kingsview Wealth Management LLC now owns 24,798 shares of the technology company’s stock worth $4,735,000 after purchasing an additional 2,111 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in International Business Machines by 1.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 11,137 shares of the technology company’s stock worth $2,127,000 after buying an additional 127 shares in the last quarter. Searle & CO. increased its holdings in shares of International Business Machines by 0.5% in the first quarter. Searle & CO. now owns 22,205 shares of the technology company’s stock valued at $4,240,000 after buying an additional 102 shares in the last quarter. Glaxis Capital Management LLC acquired a new stake in shares of International Business Machines during the 1st quarter valued at $382,000. Finally, Nwam LLC boosted its stake in shares of International Business Machines by 125.9% during the 1st quarter. Nwam LLC now owns 28,196 shares of the technology company’s stock worth $5,384,000 after acquiring an additional 15,716 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $210.91 on Thursday. International Business Machines Co. has a fifty-two week low of $149.05 and a fifty-two week high of $237.37. The stock’s 50-day moving average is $218.44 and its two-hundred day moving average is $192.98. The firm has a market cap of $195.02 billion, a P/E ratio of 30.70, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter last year, the company posted $2.20 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IBM. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Bank of America boosted their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Bernstein Bank lifted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley reduced their target price on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $208.12.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.