Cwm LLC Has $28 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Cwm LLC grew its stake in International Business Machines Co. (NYSE:IBM) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 126,654 shares of the technology company’s stock after purchasing an additional 6,712 shares during the quarter. Cwm LLC’s holdings in International Business Machines were worth $28,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Susquehanna Fundamental Investments LLC bought a new position in shares of International Business Machines during the second quarter worth $7,160,000. Hodges Capital Management Inc. lifted its holdings in International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after acquiring an additional 7,768 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in International Business Machines by 10.8% in the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock valued at $491,000 after acquiring an additional 250 shares during the period. Smith Thornton Advisors LLC bought a new stake in shares of International Business Machines in the second quarter worth about $702,000. Finally, GAMMA Investing LLC raised its position in shares of International Business Machines by 42.4% during the second quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock worth $1,621,000 after purchasing an additional 2,788 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IBM shares. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. The Goldman Sachs Group boosted their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Stifel Nicolaus upped their price objective on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Three 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 MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $198.41.

International Business Machines Stock Down 0.5 %

IBM opened at $233.05 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The stock’s fifty day simple moving average is $205.92 and its 200 day simple moving average is $187.02. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $235.83. The stock has a market cap of $214.08 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the business posted $2.18 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, research analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is 75.65%.

International Business Machines Company Profile

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.