2,388 Shares in International Business Machines Corporation $IBM Purchased by Oath Planning LLC

Oath Planning LLC purchased a new position in International Business Machines Corporation (NYSE:IBMFree Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,388 shares of the technology company’s stock, valued at approximately $707,000. International Business Machines accounts for approximately 0.7% of Oath Planning LLC’s portfolio, making the stock its 25th largest position.

Other institutional investors have also recently bought and sold shares of the company. Family CFO Inc purchased a new position in International Business Machines in the 4th quarter worth about $25,000. Basepoint Wealth LLC purchased a new position in International Business Machines in the 4th quarter worth about $25,000. Joseph Group Capital Management purchased a new position in International Business Machines in the 4th quarter worth about $28,000. SWAN Capital LLC purchased a new position in International Business Machines in the 3rd quarter worth about $28,000. Finally, DecisionPoint Financial LLC increased its stake in International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.0%

Shares of International Business Machines stock opened at $275.03 on Friday. The firm has a market cap of $258.50 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 2.82 and a beta of 0.67. 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 Corporation has a 52-week low of $212.34 and a 52-week high of $332.46. The stock has a 50-day simple moving average of $249.46 and a 200-day simple moving average of $270.33.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.10. The business had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 EPS. On average, equities research analysts expect that International Business Machines Corporation will post 12.4 earnings per share 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. Stockholders of record on Friday, May 8th were issued a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This represents a $6.76 annualized dividend and a dividend yield of 2.5%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is presently 59.77%.

Key International Business Machines News

Here are the key news stories impacting International Business Machines this week:

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price target on International Business Machines from $370.00 to $320.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. JPMorgan Chase & Co. decreased their price objective on International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Roth Mkm restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Morgan Stanley raised their price objective on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Citigroup raised their price objective on International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and an average price target of $304.17.

View Our Latest Stock Report on IBM

About International Business Machines

(Free Report)

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.

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

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