Massmutual Trust Co. FSB ADV Strengthens Position in International Business Machines Co. (NYSE:IBM)
Massmutual Trust Co. FSB ADV increased its position in International Business Machines Co. (NYSE:IBM – Get Rating) by 110.4% in the fourth quarter, according to its most recent SEC filing. The institutional investor owned 5,169 shares of the tech company after purchasing an additional 2,712 shares during the period. Massmutual Trust Co. FSB ADV’s interests in International Business Machines were valued at $728,000 at the end of the last reporting period.
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Other hedge funds have also bought and sold shares in the company. EdgeRock Capital LLC acquired a new position in International Business Machines valued at approximately $36,000 during the third quarter. McClarren Financial Advisors Inc. acquired a new position in International Business Machines valued at approximately $38,000 during the third quarter. Ten Capital Wealth Advisors LLC increased its stake in International Business Machines by 352.5% in the third quarter. Ten Capital Wealth Advisors LLC now owns 362 shares of the $43,000 technology company, having purchased an additional 282 shares during the period. Heritage Wealth Management LLC acquired a new position in International Business Machines valued at approximately $47,000 during the second quarter. Finally, Bray Capital Advisors increased its stake in International Business Machines by 33.3% in the third quarter. Bray Capital Advisors now owns 404 shares of the $48,000 tech company after purchasing an additional 101 shares during the period. 55.90% of the shares are currently owned by institutional investors and hedge funds.
International business machines value for money
NYSE IBM opened at $123.69 on Friday. The stock has a market cap of $112.20 billion, a P/E of 70.28, a P/E of 3.19, and a beta of 0.85. International Business Machines Co. has a 1 year low of $115.54 and a 1 year high of $153.21. The company’s 50-day moving average is $134.65 and its 200-day moving average is $135.11. The company has a gearing ratio of 2.10, a quick ratio of 0.87 and a current ratio of 0.92.
International Business Machines (NYSE:IBM – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The tech company reported earnings per share (EPS) of $3.60 for the quarter, beating the consensus estimate of $3.61 ($0.01). The company had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.38 billion. International Business Machines had a net margin of 2.71% and a return on equity of 41.24%. International Business Machines quarterly revenue increased 0.0% year over year. In the same period last year, the company posted $3.35 per share. On average, research analysts are forecasting that International Business Machines Co. will report earnings per share of 9.46 for the current fiscal year.
International Business Machines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10 received a dividend of $1.65 per share. That equates to an annualized dividend of $6.60 and a yield of 5.34%. The ex-dividend date was Thursday February 9th. International Business Machines RTP is 375.00%.
Changes in analyst ratings
IBM has been the subject of a number of research reports. Evercore ISI raised its price target on International Business Machines from $135.00 to $150.00 in a research note on Tuesday, January 17. BMO Capital Markets raised its price target on International Business Machines to $155.00 from $148.00 and gave the company a “Market Perform” rating in a report dated Thursday, January 26. Moffett Nathanson upgraded International Business Machines from an underperform rating to a market perform rating in a report Tuesday, January 24, and set a price target of $140.00 for the stock. Citigroup has raised its target price on International Business Machines to $145.00 from $140.00, giving the company a neutral rating in a report Thursday, January 26. Finally, StockNews.com took over coverage of International Business Machines in a report Thursday. They give the stock a “buy” rating. One research analyst has rated the stock with a sell rating, six with a hold rating and four with a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $142.73.
About International Business Machines (Get Review)
International Business Machines Corp. is an information technology company engaged in providing integrated solutions utilizing information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing and Other.
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