Beacon Financial Group Acquires 344 Shares of International Business Machines Corp. (IBM)

Beacon Financial Group boosted its holdings in International Business Machines Corp. (NYSE:IBM) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,261 shares of the technology company’s stock after acquiring an additional 344 shares during the quarter. Beacon Financial Group’s holdings in International Business Machines were worth $1,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of International Business Machines by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. BlackRock Inc. lifted its stake in shares of International Business Machines by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of International Business Machines by 4.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock worth $763,790,000 after buying an additional 216,212 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of International Business Machines by 2.5% in the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock worth $715,252,000 after buying an additional 119,747 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of International Business Machines by 3.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 4,826,502 shares of the technology company’s stock worth $700,229,000 after buying an additional 175,289 shares in the last quarter. Institutional investors and hedge funds own 57.08% of the company’s stock.

International Business Machines Corp. (NYSE:IBM) opened at $156.18 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines Corp. has a 52-week low of $139.13 and a 52-week high of $182.55. The firm has a market cap of $144,590.00, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $5.01 earnings per share. sell-side analysts predict that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 9th will be paid a $1.50 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.84%. International Business Machines’s dividend payout ratio (DPR) is presently 49.75%.

IBM has been the topic of several analyst reports. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 target price on the stock in a research note on Wednesday, November 15th. Zacks Investment Research downgraded shares of International Business Machines from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Societe Generale set a $149.00 price objective on shares of International Business Machines and gave the company a “sell” rating in a research report on Friday, January 19th. Cantor Fitzgerald restated a “hold” rating and set a $152.00 price objective on shares of International Business Machines in a research report on Friday, January 19th. Finally, Morgan Stanley increased their price objective on shares of International Business Machines to $198.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the stock. International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $164.37.

In other news, Director Frederick H. Waddell acquired 610 shares of International Business Machines stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

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About International Business Machines

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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