Trade Report: Today, Morgan Dempsey Capital Management LLC decides to keep it stake in International Business Machines Corp. (IBM) to the level of $2,802,000

Today, Morgan Dempsey Capital Management LLC decides to keep it stake in International Business Machines Corp. (IBM) to the level of $2,802,000

Morgan Dempsey Capital Management LLC raised its position in International Business Machines Corp. (NYSE:IBM) by 152.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,640 shares of the technology company’s stock after buying an additional 10,643 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in International Business Machines Corp. were worth $2,802,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IBM. Nadler Financial Group Inc. raised its stake in shares of International Business Machines Corp. by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 2,243 shares of the technology company’s stock worth $340,000 after buying an additional 8 shares during the last quarter. Raymond James Trust N.A. increased its stake in International Business Machines Corp. by 1.2% in the second quarter. Raymond James Trust N.A. now owns 76,903 shares of the technology company’s stock worth $11,673,000 after buying an additional 883 shares during the period. West Oak Capital LLC increased its stake in International Business Machines Corp. by 3.1% in the second quarter. West Oak Capital LLC now owns 11,432 shares of the technology company’s stock worth $1,735,000 after buying an additional 345 shares during the period. Patten & Patten Inc. TN increased its stake in International Business Machines Corp. by 3.7% in the second quarter. Patten & Patten Inc. TN now owns 7,680 shares of the technology company’s stock worth $1,166,000 after buying an additional 273 shares during the period. Finally, Howland Capital Management LLC increased its stake in International Business Machines Corp. by 3.5% in the second quarter. Howland Capital Management LLC now owns 14,165 shares of the technology company’s stock worth $2,150,000 after buying an additional 485 shares during the period. Institutional investors and hedge funds own 57.23% of the company’s stock.

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.85% during trading on Monday, hitting $164.52. The stock had a trading volume of 4,449,355 shares. The stock’s 50 day moving average is $155.81 and its 200-day moving average is $155.94. The company has a market cap of $156.43 billion, a PE ratio of 13.41 and a beta of 0.94. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00.

International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.24 by $0.05. The business earned $19.23 billion during the quarter, compared to analysts’ expectations of $19 billion. International Business Machines Corp. had a return on equity of 82.86% and a net margin of 14.75%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm earned $3.34 EPS. Analysts forecast that International Business Machines Corp. will post $13.50 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Thursday, November 10th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $5.60 annualized dividend and a dividend yield of 3.40%. International Business Machines Corp.’s dividend payout ratio is currently 45.64%.

A number of equities research analysts recently commented on the company. Vetr downgraded International Business Machines Corp. from a “buy” rating to a “hold” rating and set a $157.99 target price for the company. in a report on Thursday, October 27th. Oppenheimer Holdings Inc. assumed coverage on International Business Machines Corp. in a report on Monday, August 15th. They set a “market perform” rating for the company. Credit Suisse Group AG reaffirmed an “underperform” rating and set a $110.00 target price on shares of International Business Machines Corp. in a report on Wednesday, October 12th. Goldman Sachs Group Inc. decreased their target price on International Business Machines Corp. from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 18th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $160.00 target price on shares of International Business Machines Corp. in a report on Tuesday, October 18th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $156.04.

In related news, insider Robert J. Picciano sold 1,922 shares of International Business Machines Corp. stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total transaction of $305,905.52. Following the completion of the transaction, the insider now directly owns 35,861 shares of the company’s stock, valued at $5,707,636.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kralingen Bridget A. Van sold 330 shares of International Business Machines Corp. stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $152.05, for a total value of $50,176.50. Following the transaction, the insider now directly owns 6,977 shares of the company’s stock, valued at $1,060,852.85. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

Related posts

Leave a Comment