Nvwm LLC Purchases 4,336 Shares of International Business Machines Corporation $IBM

Nvwm LLC boosted its position in International Business Machines Corporation (NYSE:IBM) by 21,680.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,356 shares of the technology company’s stock after acquiring an additional 4,336 shares during the quarter. Nvwm LLC’s holdings in International Business Machines were worth $1,229,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Family CFO Inc bought a new position in shares of International Business Machines in the 2nd quarter valued at $25,000. Winnow Wealth LLC bought a new stake in shares of International Business Machines during the 2nd quarter worth $27,000. Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares in the last quarter. Finally, Copia Wealth Management grew its position in International Business Machines by 57.6% in the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after acquiring an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.2%

IBM opened at $305.22 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a fifty-two week low of $214.50 and a fifty-two week high of $324.90. The company’s 50 day moving average price is $303.62 and its two-hundred day moving average price is $280.83. The firm has a market capitalization of $285.30 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 3.03 and a beta of 0.69.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. International Business Machines’s revenue was up 9.1% compared to the same quarter last year. As a group, research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IBM. Morgan Stanley dropped their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. UBS Group reiterated a “sell” rating on shares of International Business Machines in a research report on Tuesday, December 9th. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Oppenheimer started coverage on shares of International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

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.