Oak Thistle LLC Acquires New Shares in International Business Machines Co. (NYSE:IBM)

Oak Thistle LLC acquired a new stake in International Business Machines Co. (NYSE:IBMFree Report) during the 4th quarter, Holdings Channel reports. The fund acquired 3,312 shares of the technology company’s stock, valued at approximately $542,000.

Other large investors have also bought and sold shares of the company. Thrive Wealth Management LLC boosted its stake in shares of International Business Machines by 0.9% during the fourth quarter. Thrive Wealth Management LLC now owns 7,311 shares of the technology company’s stock valued at $1,196,000 after purchasing an additional 64 shares in the last quarter. Kowal Investment Group LLC boosted its stake in shares of International Business Machines by 3.3% during the fourth quarter. Kowal Investment Group LLC now owns 2,004 shares of the technology company’s stock valued at $328,000 after purchasing an additional 64 shares in the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of International Business Machines by 2.9% during the third quarter. Journey Strategic Wealth LLC now owns 2,459 shares of the technology company’s stock valued at $345,000 after purchasing an additional 69 shares in the last quarter. Columbia Trust Co 01012016 boosted its stake in shares of International Business Machines by 3.8% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,875 shares of the technology company’s stock valued at $307,000 after purchasing an additional 69 shares in the last quarter. Finally, Syntegra Private Wealth Group LLC boosted its stake in shares of International Business Machines by 1.6% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 4,461 shares of the technology company’s stock valued at $730,000 after purchasing an additional 70 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IBM shares. Bank of America lifted their price target on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Stifel Nicolaus lifted their price objective on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Sanford C. Bernstein lifted their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Finally, Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $176.85.

View Our Latest Research Report on IBM

International Business Machines Trading Up 1.1 %

NYSE IBM opened at $190.94 on Thursday. The company has a market cap of $175.04 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 3.72 and a beta of 0.70. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The business has a 50 day moving average price of $188.64 and a 200-day moving average price of $165.69. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBMGet Free Report) last announced its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.60 earnings per share. As a group, equities analysts expect that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.48%. International Business Machines’s payout ratio is 81.67%.

International Business Machines Profile

(Free Report)

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.

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

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