PYA Waltman Capital LLC Has $40,000 Position in International Business Machines Co. (NYSE:IBM)

PYA Waltman Capital LLC boosted its holdings in International Business Machines Co. (NYSE:IBMGet Rating) by 1,120.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 305 shares of the technology company’s stock after purchasing an additional 280 shares during the quarter. PYA Waltman Capital LLC’s holdings in International Business Machines were worth $40,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in International Business Machines by 1.4% during the 4th quarter. BlackRock Inc. now owns 65,452,374 shares of the technology company’s stock worth $8,748,364,000 after acquiring an additional 924,180 shares during the last quarter. State Street Corp boosted its holdings in International Business Machines by 3.3% during the 4th quarter. State Street Corp now owns 53,048,681 shares of the technology company’s stock worth $7,090,487,000 after acquiring an additional 1,687,122 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in International Business Machines by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,192,375 shares of the technology company’s stock worth $2,030,611,000 after acquiring an additional 951,417 shares during the last quarter. Geode Capital Management LLC boosted its holdings in International Business Machines by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 15,018,006 shares of the technology company’s stock worth $2,001,895,000 after acquiring an additional 261,118 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of International Business Machines in the 4th quarter worth about $1,025,028,000. Institutional investors and hedge funds own 55.22% of the company’s stock.

International Business Machines Trading Up 0.6 %

Shares of International Business Machines stock opened at $132.48 on Friday. International Business Machines Co. has a 52-week low of $114.56 and a 52-week high of $146.00. The stock’s 50-day simple moving average is $136.61 and its 200 day simple moving average is $132.76. The stock has a market capitalization of $119.65 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.99 and a beta of 0.85. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.82 and a current ratio of 0.88.

International Business Machines (NYSE:IBMGet Rating) last announced its quarterly earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.02. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. The firm had revenue of $15.54 billion for the quarter, compared to analysts’ expectations of $15.18 billion. During the same period in the prior year, the business posted $2.33 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that International Business Machines Co. will post 9.47 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th will be given a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Tuesday, August 9th. International Business Machines’s dividend payout ratio is presently 107.14%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research analyst reports. Bank of America boosted their price target on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. Morgan Stanley cut their price target on shares of International Business Machines from $157.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. BMO Capital Markets cut their price target on shares of International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. Finally, Credit Suisse Group cut their price target on shares of International Business Machines from $166.00 to $156.00 and set an “outperform” rating on the stock in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.10.

Insider Activity

In other news, major shareholder Business Machine International sold 22,301,536 shares of the company’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the sale, the insider now directly owns 22,301,536 shares in the company, valued at $311,106,427.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.

About International Business Machines

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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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