News Summary
Tennessee Valley Asset Management Partners has expanded its investment in IBM, acquiring 891 shares valued at approximately $221,000. The move reflects a broader trend of increasing institutional interest in IBM, with several firms adjusting their positions. Analysts maintain a ‘Hold’ rating on IBM, with a consensus price target of $250.31, as institutional ownership rises to nearly 59%. IBM’s recent quarterly performance has exceeded expectations, marking a dynamic phase for the company in the technology sector.
Tennessee – Tennessee Valley Asset Management Partners has expanded its investment in International Business Machines Co. (IBM), acquiring 891 shares valued at approximately $221,000 during the first quarter of the year. This acquisition reflects a broader trend of increased institutional investment in IBM as several firms adjust their positions in the company.
According to a recent Form 13F filing with the Securities and Exchange Commission (SEC), several institutional investors have taken steps to either ramp up their investments or newly enter positions in IBM. Notably, Vision Financial Markets LLC entered a new position in the fourth quarter valued at $31,000, while Rialto Wealth Management LLC established a new stake worth $35,000 during the same period. Additionally, Tacita Capital Inc increased its holdings in IBM by 174.3%, now owning 192 shares valued at $42,000 after acquiring an additional 122 shares. Meanwhile, Measured Risk Portfolios Inc. and Park Square Financial Group LLC both acquired new positions in IBM, each worth $43,000 in the fourth quarter.
The data indicates that institutional investors currently own 58.96% of IBM’s stock, contributing to the overall solid interest in the company among large investment firms. The interest has impacted market performance, with IBM shares trading up by $1.13 to reach $282.96 on Tuesday. The trading volume for the day was recorded at 3,067,681 shares, below the average volume of 4,230,456 shares.
IBM reported a market capitalization of $262.98 billion, with a price-to-earnings (P/E) ratio of 44.14, a P/E/G ratio of 5.81, and a beta of 0.66, which indicates lower volatility compared to the market. The company’s stock performance over the last year has shown fluctuations, with a 1-year low of $167.50 and a high of $284.73.
In the most recent quarterly results, IBM achieved earnings of $1.60 per share, surpassing analysts’ expectations of $1.42 by $0.18. The firm’s revenue for the quarter was reported at $14.54 billion, also slightly exceeding consensus estimates of $14.41 billion. This performance marks a decrease from the previous year’s earnings of $1.68 per share.
Furthermore, analysts forecast that IBM will post an earnings per share (EPS) of 10.78 for the current year. The company also declared a quarterly dividend of $1.68 per share, an increase from the prior amount of $1.67. IBM’s annualized dividend totals $6.72, providing a yield of 2.37%, with a dividend payout ratio (DPR) of 115.66%.
As for market outlook, analysts have maintained a consensus rating of “Hold” on IBM shares, comprising one sell rating, nine holds, eight buys, and one strong buy. The average price target set by analysts for IBM stock stands at $250.31.
IBM operates through various segments, including Software, Consulting, Infrastructure, and Financing. The recent changes in institutional investments and the positive quarterly results indicate a dynamic phase for IBM, highlighting its evolving role in the technology sector.
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