MCIA Inc buys 294 shares of International Business Machines Co. (NYSE: IBM)


MCIA Inc increased its position in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 2.3% in the 1st quarter, reports HoldingsChannel. The fund held 13,345 shares of the technology company after buying an additional 294 shares during the period. MCIA Inc’s holdings in International Business Machines were worth $1,686,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Duff & Phelps Investment Management Co. increased its stake in International Business Machines by 0.8% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 9,330 shares of the technology company valued at $1,247,000 after buying 76 additional shares during the period. Rossmore Private Capital increased its position in shares of International Business Machines by 1.2% in the fourth quarter. Rossmore Private Capital now owns 6,418 shares of the technology company valued at $858,000 after buying 78 additional shares during the period. Twin Capital Management Inc. increased its position in International Business Machines by 1.7% during the fourth quarter. Twin Capital Management Inc. now owns 4,909 shares of the technology company worth $656,000 after buying 80 more shares last quarter. Keel Point LLC increased its stake in International Business Machines by 2.4% during the 4th quarter. Keel Point LLC now owns 3,505 shares of the technology company worth $468,000 after buying 83 additional shares in the last quarter. Finally, MONECO Advisors LLC increased its stake in International Business Machines shares by 1.2% in the 4th quarter. MONECO Advisors LLC now owns 7,427 shares of the technology company valued at $1,023,000 after acquiring 85 additional shares in the last quarter. Hedge funds and other institutional investors own 55.22% of the company’s shares.

A number of stock analysts have weighed in on IBM shares. Credit Suisse Group raised its price target on International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a Wednesday, April 20 research report. StockNews.com began covering International Business Machines stocks in a research report on Thursday, March 31. They issued a “buy” rating for the company. Morgan Stanley raised its price target on shares of International Business Machines from $150.00 to $157.00 and gave the stock an “overweight” rating in a Wednesday, April 20 research note. Bank of America raised its price target on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a Wednesday, April 20 report. Finally, BMO Capital Markets raised its price target on shares of International Business Machines from $148.00 to $152.00 and gave the stock a “market performance” rating in a Wednesday 20 report. april. One analyst gave the stock a sell rating, five gave the company a hold rating and seven gave the company a buy rating. According to MarketBeat, International Business Machines currently has an average rating of “Hold” and an average target price of $147.25.

In other news, major shareholder Business Machine International sold 22,301,536 shares of the company in a trade on Thursday, May 19. The shares were sold at an average price of $13.95, for a total transaction of $311,106,427.20. As a result of the sale, the insider now owns 22,301,536 shares of the company, valued at approximately $311,106,427.20. The sale was disclosed in a document filed with the SEC, accessible via this link. Insiders own 0.04% of the shares of the company.

NYSE: IBM lost $0.27 on Wednesday, hitting $137.58. 42,997 shares of the company were traded, against an average volume of 4,442,893. The stock has a fifty-day simple moving average of $135.15 and a 200-day simple moving average of $131.50. The company has a debt ratio of 2.44, a current ratio of 0.92 and a quick ratio of 0.87. International Business Machines Co. has a 52-week low of $114.56 and a 52-week high of $147.50. The company has a market capitalization of $123.74 billion, a price/earnings ratio of 22.60, a P/E/G ratio of 1.51 and a beta of 1.00.

International Business Machines (NYSE:IBM – Get Rating) last announced its results on Tuesday, April 19. The technology company reported earnings per share (EPS) of $1.40 for the quarter, beating the consensus estimate of $1.34 by $0.06. The company posted revenue of $14.20 billion in the quarter, versus analyst estimates of $13.84 billion. International Business Machines achieved a net margin of 8.21% and a return on equity of 42.14%. International Business Machines revenue for the quarter increased 7.7% year on year. In the same period a year earlier, the company posted earnings per share of $1.77. As a group, sell-side analysts expect International Business Machines Co. to post EPS of 9.89 for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10. Investors of record on Tuesday, May 10 received a dividend of $1.65. This represents an annualized dividend of $6.60 and a dividend yield of 4.80%. This is an increase from International Business Machines’ previous quarterly dividend of $1.64. The ex-dividend date was Monday, May 9. International Business Machines’ payout ratio is currently 108.20%.

International Trade Machine Profile (Get a rating)

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 solution; enterprise automation software, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threats, data and identity.

Further reading

Want to see what other hedge funds hold IBM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for International Business Machines Co. (NYSE:IBM – Get Rating).

Institutional ownership by quarter for International Business Machines (NYSE:IBM)



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James G. Williams