International Business Machines Corporation $IBM Stock Position Lifted by Schiavi & Co LLC

Schiavi & Co LLC raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 815.8% during the fourth quarter, Holdings Channel reports. The firm owned 12,373 shares of the technology company’s stock after buying an additional 11,022 shares during the quarter. International Business Machines makes up approximately 1.2% of Schiavi & Co LLC’s portfolio, making the stock its 8th biggest position. Schiavi & Co LLC’s holdings in International Business Machines were worth $3,665,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IBM. Norges Bank purchased a new position in International Business Machines during the 4th quarter valued at $2,446,429,000. Capital World Investors increased its position in International Business Machines by 29.2% during the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after purchasing an additional 4,976,756 shares during the period. Vanguard Group Inc. increased its position in International Business Machines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after purchasing an additional 1,439,824 shares during the period. First Trust Advisors LP increased its position in International Business Machines by 39.6% during the 3rd quarter. First Trust Advisors LP now owns 3,052,880 shares of the technology company’s stock valued at $861,401,000 after purchasing an additional 865,253 shares during the period. Finally, Valpey Financial Services LLC grew its position in shares of International Business Machines by 27,670.9% in the 4th quarter. Valpey Financial Services LLC now owns 867,007 shares of the technology company’s stock worth $256,816,000 after buying an additional 863,885 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent research reports. UBS Group raised shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 target price on the stock in a research report on Wednesday, February 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of International Business Machines in a research report on Thursday, May 28th. Barclays initiated coverage on shares of International Business Machines in a research report on Monday, June 1st. They issued an “overweight” rating and a $350.00 target price on the stock. Wall Street Zen downgraded shares of International Business Machines from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines Stock Down 1.1%

NYSE:IBM opened at $271.77 on Friday. The company has a market capitalization of $255.43 billion, a PE ratio of 24.03, a P/E/G ratio of 2.85 and a beta of 0.67. The firm’s 50-day moving average price is $250.02 and its 200-day moving average price is $270.34. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. On average, equities analysts predict that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

About International Business Machines

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.