Aries Wealth Management acquired a new position in shares of International Business Machines Corp. (NYSE:IBM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,321 shares of the technology company’s stock, valued at approximately $702,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after purchasing an additional 2,241,818 shares during the last quarter. BlackRock Inc. lifted its stake in International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in International Business Machines by 4.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock worth $763,790,000 after purchasing an additional 216,212 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in International Business Machines by 4.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,053,040 shares of the technology company’s stock worth $775,238,000 after purchasing an additional 226,538 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in International Business Machines by 2.5% during the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock worth $715,252,000 after purchasing an additional 119,747 shares during the last quarter. Hedge funds and other institutional investors own 56.99% of the company’s stock.
Several equities analysts recently issued reports on the company. Pivotal Research set a $180.00 price objective on International Business Machines and gave the stock a “buy” rating in a research note on Tuesday, March 20th. BMO Capital Markets restated a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a research note on Friday, March 9th. Zacks Investment Research raised International Business Machines from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $180.00 target price on shares of International Business Machines in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 target price on International Business Machines and gave the stock a “neutral” rating in a research report on Friday, January 19th. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the stock. International Business Machines currently has an average rating of “Hold” and a consensus target price of $166.01.
International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. The company had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $5.01 earnings per share. sell-side analysts predict that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 98.20%.
In other International Business Machines news, Director Frederick H. Waddell purchased 610 shares of the stock in a transaction dated Wednesday, January 31st. The shares were bought at an average cost of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Diane J. Gherson sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. Following the transaction, the insider now directly owns 20,581 shares in the company, valued at $3,210,636. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION WARNING: “Aries Wealth Management Invests $702,000 in International Business Machines Corp. (IBM) Stock” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3301136/aries-wealth-management-invests-702000-in-international-business-machines-corp-ibm-stock.html.
International Business Machines Company Profile
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corp. (NYSE:IBM).
Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.