Pine Valley Investments Ltd Liability Co Increases Stock Holdings in International Business Machines Co. (NYSE:IBM)

Pine Valley Investments Ltd Liability Co grew its stake in International Business Machines Co. (NYSE:IBMFree Report) by 1.7% during the third quarter, HoldingsChannel reports. The firm owned 19,783 shares of the technology company’s stock after purchasing an additional 329 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in International Business Machines were worth $2,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC acquired a new position in shares of International Business Machines in the second quarter valued at approximately $28,000. Live Oak Investment Partners acquired a new position in International Business Machines during the fourth quarter worth $30,000. Briaud Financial Planning Inc acquired a new position in International Business Machines during the third quarter worth $31,000. PCA Investment Advisory Services Inc. acquired a new position in International Business Machines during the second quarter worth $31,000. Finally, Pacific Center for Financial Services acquired a new position in International Business Machines during the first quarter worth $41,000. Institutional investors and hedge funds own 56.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on IBM shares. Jefferies Financial Group started coverage on International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 target price on the stock. Morgan Stanley decreased their target price on International Business Machines from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 17th. Bank of America upped their price objective on International Business Machines from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Royal Bank of Canada upped their price objective on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus upped their price objective on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $171.92.

View Our Latest Report on International Business Machines

International Business Machines Trading Up 0.1 %

NYSE:IBM traded up $0.14 on Tuesday, hitting $183.56. 2,027,232 shares of the stock were exchanged, compared to its average volume of 5,795,482. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $196.90. The stock has a market cap of $167.61 billion, a PE ratio of 22.56, a PEG ratio of 3.65 and a beta of 0.71. The stock has a fifty day moving average of $166.86 and a 200-day moving average of $152.62.

International Business Machines (NYSE:IBMGet Free Report) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the firm earned $3.60 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts expect that International Business Machines Co. will post 10.03 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 9th. Stockholders of record on Friday, February 9th will be paid a $1.66 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.62%. International Business Machines’s dividend payout ratio (DPR) is currently 81.67%.

About International Business Machines

(Free Report)

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.

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

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