Swedbank AB Purchases 2,271 Shares of International Business Machines Corporation $IBM

by · The Cerbat Gem

Swedbank AB boosted its position in International Business Machines Corporation (NYSE:IBM – Free Report) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 980,392 shares of the technology company’s stock after buying an additional 2,271 shares during the quarter. Swedbank AB owned approximately 0.11% of International Business Machines worth $276,627,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Family CFO Inc bought a new stake in shares of International Business Machines in the second quarter worth $25,000. Winnow Wealth LLC acquired a new stake in International Business Machines in the 2nd quarter valued at $27,000. Silicon Valley Capital Partners lifted its position in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the last quarter. Finally, Copia Wealth Management boosted its stake in shares of International Business Machines by 57.6% during the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after buying an additional 49 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of several recent research reports. Bank of America raised their price target on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a report on Wednesday, December 10th. UBS Group restated a “sell” rating on shares of International Business Machines in a report on Tuesday, December 9th. Oppenheimer started coverage on shares of International Business Machines in a research note on Friday, November 21st. They issued an “outperform” rating and a $360.00 price target for the company. Finally, BMO Capital Markets boosted their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $293.38.

Check Out Our Latest Research Report on International Business Machines

International Business Machines Trading Up 0.4%

IBM stock opened at $303.93 on Wednesday. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The stock has a market cap of $284.09 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 3.02 and a beta of 0.69. The company has a fifty day moving average price of $302.10 and a two-hundred day moving average price of $280.26. 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 (NYSE:IBM – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. International Business Machines’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.30 EPS. Equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

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

About International Business Machines

(Free Report)

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.

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