CVA Family Office LLC Increases Stock Holdings in International Business Machines Co. (NYSE:IBM)

CVA Family Office LLC grew its position in International Business Machines Co. (NYSE:IBM) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,796 shares of the technology company’s stock after acquiring an additional 57 shares during the quarter. CVA Family Office LLC’s holdings in International Business Machines were worth $311,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of International Business Machines in the first quarter valued at $26,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at about $28,000. Naples Money Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines during the 4th quarter worth approximately $31,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.0 %

Shares of NYSE IBM traded up $0.03 during mid-day trading on Wednesday, reaching $186.83. The company had a trading volume of 3,799,710 shares, compared to its average volume of 4,427,540. The company has a market capitalization of $171.62 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 4.24 and a beta of 0.71. The stock has a fifty day moving average of $177.23 and a two-hundred day moving average of $180.49. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter last year, the company posted $2.18 earnings per share. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be issued a dividend of $1.67 per share. The ex-dividend date is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.58%. International Business Machines’s dividend payout ratio is currently 75.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IBM shares. UBS Group boosted their price target on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Morgan Stanley lowered their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. BMO Capital Markets upped their price objective on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Jefferies Financial Group upped their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. lowered their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average target price of $184.93.

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.