Beddow Capital Management Inc. Has $14.84 Million Holdings in International Business Machines Corporation $IBM

Beddow Capital Management Inc. cut its stake in International Business Machines Corporation (NYSE:IBM) by 8.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,328 shares of the technology company’s stock after selling 4,730 shares during the quarter. International Business Machines makes up approximately 5.9% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Beddow Capital Management Inc.’s holdings in International Business Machines were worth $14,836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares during the period. Strategies Wealth Advisors LLC acquired a new stake in International Business Machines during the 1st quarter worth approximately $398,000. Lord Abbett & CO. LLC acquired a new position in International Business Machines in the 1st quarter valued at $35,608,000. Vestmark Advisory Solutions Inc. bought a new position in International Business Machines during the 1st quarter worth $225,000. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of International Business Machines by 80.7% during the first quarter. Kovitz Investment Group Partners LLC now owns 97,840 shares of the technology company’s stock worth $24,329,000 after buying an additional 43,709 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of recent research reports. BMO Capital Markets raised their price target on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Morgan Stanley lowered their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group upped their target price on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research report on Tuesday, October 21st. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $293.38.

International Business Machines Stock Down 0.5%

NYSE IBM opened at $309.33 on Friday. International Business Machines Corporation has a fifty-two week low of $214.50 and a fifty-two week high of $324.90. The business has a fifty day moving average price of $299.47 and a two-hundred day moving average price of $278.09. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $289.14 billion, a PE ratio of 37.00, a PEG ratio of 3.09 and a beta of 0.69.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 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 return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 EPS. Equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

About International Business Machines

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.