LVM Capital Management Ltd. MI Purchases 678 Shares of International Business Machines Co. (NYSE:IBM)

LVM Capital Management Ltd. MI raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,982 shares of the technology company’s stock after acquiring an additional 678 shares during the period. LVM Capital Management Ltd. MI’s holdings in International Business Machines were worth $2,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IBM. Meeder Asset Management Inc. boosted its position in International Business Machines by 40.9% during the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after buying an additional 166 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in International Business Machines during the 2nd quarter valued at about $7,160,000. Philip James Wealth Mangement LLC purchased a new position in International Business Machines in the 3rd quarter worth approximately $5,117,000. Nordea Investment Management AB lifted its position in International Business Machines by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after purchasing an additional 4,625 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of International Business Machines during the third quarter valued at approximately $24,761,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 1.5 %

IBM stock traded down $3.27 during trading on Friday, hitting $219.91. 1,324,659 shares of the stock traded hands, compared to its average volume of 2,729,433. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market cap of $203.34 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a 1 year low of $160.29 and a 1 year high of $239.35. The firm’s 50 day moving average is $221.70 and its two-hundred day moving average is $208.69.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.20 earnings per share. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.04%. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group increased their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Bernstein Bank upped their target price on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $214.88.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by corporate insiders.

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.