Game Creek Capital LP Purchases 2,800 Shares of International Business Machines Co. (NYSE:IBM)

Game Creek Capital LP increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 21.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,050 shares of the technology company’s stock after purchasing an additional 2,800 shares during the period. International Business Machines makes up approximately 1.4% of Game Creek Capital LP’s holdings, making the stock its 17th largest position. Game Creek Capital LP’s holdings in International Business Machines were worth $3,528,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IBM. Compass Financial Services Inc bought a new position in International Business Machines during the fourth quarter valued at about $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines in the 4th quarter valued at $31,000. Avondale Wealth Management boosted its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Valued Wealth Advisors LLC lifted its stake in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $35,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

NYSE IBM opened at $249.32 on Friday. International Business Machines Co. has a 52-week low of $163.53 and a 52-week high of $266.45. The stock has a market cap of $231.72 billion, a PE ratio of 38.90, a P/E/G ratio of 5.81 and a beta of 0.64. The firm has a 50-day moving average of $243.01 and a 200-day moving average of $234.78. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.70%. International Business Machines’s payout ratio is currently 115.66%.

Insider Buying and Selling

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of International Business Machines in a report on Wednesday. Oppenheimer assumed coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price for the company. Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Finally, KGI Securities set a $242.00 price target on International Business Machines and gave the company a “hold” rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $248.50.

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.