Cable Hill Partners LLC Has $1.36 Million Holdings in International Business Machines Co. (NYSE:IBM)

Cable Hill Partners LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,154 shares of the technology company’s stock after buying an additional 364 shares during the quarter. Cable Hill Partners LLC’s holdings in International Business Machines were worth $1,361,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IBM. Main Street Financial Solutions LLC increased its position in International Business Machines by 2.0% in the third quarter. Main Street Financial Solutions LLC now owns 10,237 shares of the technology company’s stock worth $2,263,000 after purchasing an additional 202 shares during the period. Schrum Private Wealth Management LLC lifted its holdings in International Business Machines by 100.0% in the third quarter. Schrum Private Wealth Management LLC now owns 2,416 shares of the technology company’s stock valued at $534,000 after buying an additional 1,208 shares during the period. Kovack Advisors Inc. grew its holdings in International Business Machines by 9.7% during the 3rd quarter. Kovack Advisors Inc. now owns 15,187 shares of the technology company’s stock worth $3,358,000 after acquiring an additional 1,345 shares during the period. Saturna Capital Corp lifted its stake in shares of International Business Machines by 3.9% in the 3rd quarter. Saturna Capital Corp now owns 2,123 shares of the technology company’s stock valued at $469,000 after purchasing an additional 80 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its position in shares of International Business Machines by 4.6% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 101,518 shares of the technology company’s stock worth $22,444,000 after purchasing an additional 4,437 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.07% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on IBM shares. BMO Capital Markets upped their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. UBS Group upped their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Bank of America increased their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group increased their target price on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Finally, Evercore ISI raised their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Trading Up 0.0 %

International Business Machines stock opened at $210.91 on Thursday. The company has a market cap of $195.02 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 4.74 and a beta of 0.71. The firm has a 50-day moving average of $218.44 and a 200-day moving average of $192.98. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a one year low of $149.05 and a one year high of $237.37.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the company earned $2.20 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.