First Allied Advisory Services Inc. Has $10.25 Million Position in IBM (IBM)

First Allied Advisory Services Inc. increased its position in IBM (NYSE:IBM) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,473 shares of the technology company’s stock after acquiring an additional 1,059 shares during the period. First Allied Advisory Services Inc.’s holdings in IBM were worth $10,250,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ETF Managers Group LLC acquired a new stake in shares of IBM in the 2nd quarter worth about $121,000. Price Wealth Management Inc. acquired a new stake in shares of IBM in the 4th quarter worth about $122,000. Cerebellum GP LLC acquired a new stake in shares of IBM in the 4th quarter worth about $126,000. Horan Capital Advisors LLC. acquired a new stake in shares of IBM in the 3rd quarter worth about $136,000. Finally, Risk Paradigm Group LLC acquired a new stake in shares of IBM in the 2nd quarter worth about $165,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

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In other IBM news, insider Erich Clementi sold 13,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $154.66, for a total value of $2,010,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick H. Waddell bought 610 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was purchased at an average price of $163.38 per share, with a total value of $99,661.80. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

IBM has been the subject of a number of recent analyst reports. Bank of America reiterated a “buy” rating and issued a $200.00 target price on shares of IBM in a research report on Monday, March 26th. Pivotal Research set a $180.00 target price on shares of IBM and gave the company a “buy” rating in a research report on Tuesday, March 20th. BMO Capital Markets reiterated a “hold” rating and issued a $175.00 target price on shares of IBM in a research report on Friday, March 9th. Morgan Stanley lowered shares of IBM from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $200.00 to $205.00 in a research report on Tuesday, January 23rd. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $152.00 target price on shares of IBM in a research report on Friday, January 19th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $166.01.

NYSE:IBM opened at $150.57 on Friday. IBM has a twelve month low of $139.13 and a twelve month high of $172.93. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The stock has a market cap of $141,970.39, a PE ratio of 10.91, a price-to-earnings-growth ratio of 2.25 and a beta of 0.90.

IBM (NYSE:IBM) last posted its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.17 by $0.01. IBM had a net margin of 7.27% and a return on equity of 69.48%. The company had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. During the same quarter last year, the firm posted $5.01 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts expect that IBM will post 13.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.98%. IBM’s dividend payout ratio (DPR) is 43.48%.

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IBM Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

Institutional Ownership by Quarter for IBM (NYSE:IBM)

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