LVM Capital Management Ltd. MI Purchases 741 Shares of International Business Machines Co. (NYSE:IBM)

LVM Capital Management Ltd. MI lifted its holdings in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,497 shares of the technology company’s stock after buying an additional 741 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in International Business Machines were worth $455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. IFS Advisors LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $28,000. Total Clarity Wealth Management Inc. boosted its position in shares of International Business Machines by 537.5% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock worth $34,000 after purchasing an additional 215 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of International Business Machines during the fourth quarter worth $37,000. Claremont Financial Group Inc. bought a new stake in International Business Machines in the fourth quarter valued at approximately $38,000. Finally, Consolidated Planning Corp bought a new position in shares of International Business Machines during the third quarter worth $50,000. 55.22% of the stock is owned by institutional investors and hedge funds.

NYSE:IBM opened at $137.08 on Thursday. International Business Machines Co. has a 12-month low of $114.56 and a 12-month high of $147.50. The firm has a market capitalization of $123.29 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.55 and a beta of 1.00. The stock’s 50 day moving average price is $135.37 and its two-hundred day moving average price is $131.54. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.44.

International Business Machines (NYSE:IBMGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $13.84 billion. During the same quarter in the prior year, the business earned $1.77 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts expect that International Business Machines Co. will post 9.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Tuesday, May 10th were paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Monday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.64. International Business Machines’s dividend payout ratio is 108.20%.

A number of brokerages recently commented on IBM. BMO Capital Markets raised their price objective on shares of International Business Machines from $148.00 to $152.00 and gave the stock a “market perform” rating in a report on Wednesday, April 20th. StockNews.com began coverage on shares of International Business Machines in a report on Thursday, March 31st. They set a “buy” rating on the stock. Credit Suisse Group raised their price objective on shares of International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a report on Wednesday, April 20th. Morgan Stanley lifted their price target on shares of International Business Machines from $150.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, April 20th. Finally, Tigress Financial raised their price objective on International Business Machines from $133.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $147.25.

In related news, major shareholder Business Machine International sold 22,301,536 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $13.95, for a total value of $311,106,427.20. Following the sale, the insider now owns 22,301,536 shares in the company, valued at approximately $311,106,427.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

International Business Machines Profile (Get Rating)

International Business Machines Corporation 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, such as Red Hat, an enterprise open-source 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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