October 4, 2022

Y M L P-260

Business the wise choice

Aurora Private Wealth Inc. Has $206,000 Holdings in International Business Machines Co. (NYSE:IBM)


Aurora Private Wealth Inc. lessened its holdings in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 46.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,544 shares of the technology company’s stock after selling 1,358 shares during the period. Aurora Private Wealth Inc.’s holdings in International Business Machines were worth $206,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB raised its stake in International Business Machines by 92.8% during the third quarter. Nordea Investment Management AB now owns 6,834,777 shares of the technology company’s stock worth $956,458,000 after buying an additional 3,290,542 shares during the last quarter. BlackRock Inc. raised its stake in International Business Machines by 1.1% during the third quarter. BlackRock Inc. now owns 64,528,194 shares of the technology company’s stock worth $8,964,901,000 after buying an additional 722,962 shares during the last quarter. First Horizon Advisors Inc. raised its stake in International Business Machines by 490.7% during the third quarter. First Horizon Advisors Inc. now owns 758,286 shares of the technology company’s stock worth $58,434,000 after buying an additional 629,916 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in International Business Machines by 10.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,610,624 shares of the technology company’s stock worth $640,574,000 after buying an additional 439,743 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in International Business Machines by 13.7% during the third quarter. Deutsche Bank AG now owns 3,413,011 shares of the technology company’s stock worth $474,169,000 after buying an additional 412,405 shares during the last quarter. Institutional investors own 54.91% of the company’s stock.

IBM has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a research note on Sunday, January 9th. They set a “neutral” rating and a $140.00 target price for the company. UBS Group decreased their price target on shares of International Business Machines from $124.00 to $118.00 in a research note on Tuesday, January 25th. BMO Capital Markets lifted their price target on shares of International Business Machines from $153.00 to $155.00 and gave the company a “market perform” rating in a research note on Tuesday, January 25th. Stifel Nicolaus decreased their price target on shares of International Business Machines from $151.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 15th. Finally, Zacks Investment Research downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research note on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $147.18.

Shares of NYSE:IBM traded down $0.82 during midday trading on Friday, hitting $127.73. 3,143,309 shares of the company’s stock were exchanged, compared to its average volume of 3,748,085. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.88 and a quick ratio of 0.83. The stock has a 50 day moving average price of $128.73 and a 200-day moving average price of $129.33. The company has a market cap of $114.87 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.18 and a beta of 1.10. International Business Machines Co. has a 12 month low of $114.56 and a 12 month high of $152.84.

International Business Machines (NYSE:IBMGet Rating) last posted its earnings results on Monday, January 24th. The technology company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.04). International Business Machines had a return on equity of 42.49% and a net margin of 8.11%. The business had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $15.96 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that International Business Machines Co. will post 10.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Friday, February 11th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.14%. The ex-dividend date was Thursday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 103.31%.

About International Business Machines (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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



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