Railway Pension Investments Ltd Acquires 3,100 Shares of International Business Machines Corporation $IBM

Railway Pension Investments Ltd raised its stake in International Business Machines Corporation (NYSE:IBM) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,700 shares of the technology company’s stock after purchasing an additional 3,100 shares during the period. Railway Pension Investments Ltd’s holdings in International Business Machines were worth $42,804,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Family CFO Inc bought a new position in International Business Machines in the 2nd quarter valued at about $25,000. Winnow Wealth LLC bought a new stake in International Business Machines in the 2nd quarter valued at $27,000. Highline Wealth Partners LLC grew its holdings in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares in the last quarter. Silicon Valley Capital Partners grew its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, Copia Wealth Management increased its position in International Business Machines by 57.6% during the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several research reports. Morgan Stanley decreased their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Royal Bank Of Canada decreased their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Jefferies Financial Group upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $360.00 price target for the company in a research report on Monday. Stifel Nicolaus boosted their price target on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $298.00.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $291.35 on Monday. The stock has a market cap of $272.33 billion, a price-to-earnings ratio of 34.85, a P/E/G ratio of 2.70 and a beta of 0.70. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company’s fifty day moving average is $304.54 and its 200 day moving average is $281.46. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the prior year, the firm posted $2.30 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.