Fieldview Capital Management LLC Takes Position in International Business Machines Corporation $IBM

Fieldview Capital Management LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,037 shares of the technology company’s stock, valued at approximately $1,492,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Focus Partners Wealth grew its holdings in shares of International Business Machines by 88.3% during the 4th quarter. Focus Partners Wealth now owns 415,564 shares of the technology company’s stock valued at $122,996,000 after acquiring an additional 194,904 shares in the last quarter. Fort Point Capital Partners LLC grew its holdings in shares of International Business Machines by 42.5% during the 4th quarter. Fort Point Capital Partners LLC now owns 3,715 shares of the technology company’s stock valued at $1,107,000 after acquiring an additional 1,108 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its holdings in shares of International Business Machines by 2.1% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 3,919 shares of the technology company’s stock valued at $1,161,000 after acquiring an additional 79 shares in the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of International Business Machines by 3.9% during the 4th quarter. Glen Eagle Advisors LLC now owns 2,687 shares of the technology company’s stock valued at $796,000 after acquiring an additional 102 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $28,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $271.77 on Monday. The firm’s 50-day moving average price is $250.02 and its two-hundred day moving average price is $270.10. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $255.43 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 2.82 and a beta of 0.66. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46.

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

International Business Machines Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBM. Wedbush set a $350.00 price target on shares of International Business Machines in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Needham & Company LLC initiated coverage on shares of International Business Machines in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Barclays initiated coverage on shares of International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price objective for the company. Finally, Oppenheimer decreased their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. 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 company’s stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $304.17.

International Business Machines 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.