Traders Buy Shares of IBM Common Stock (IBM) on Weakness
Traders purchased shares of IBM Common Stock (NYSE:IBM) on weakness during trading hours on Friday. $129.01 million flowed into the stock on the tick-up and $75.82 million flowed out of the stock on the tick-down, for a money net flow of $53.19 million into the stock. Of all stocks tracked, IBM Common Stock had the 17th highest net in-flow for the day. IBM Common Stock traded down ($0.62) for the day and closed at $148.33
A number of research firms have recently issued reports on IBM. ValuEngine lowered IBM Common Stock from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Wells Fargo & Co started coverage on IBM Common Stock in a report on Monday, July 30th. They issued a “market perform” rating for the company. Wedbush reissued a “neutral” rating and issued a $185.00 price target on shares of IBM Common Stock in a report on Thursday, July 19th. Deutsche Bank reduced their price target on IBM Common Stock to $150.00 and set a “hold” rating for the company in a report on Thursday, July 19th. Finally, Bank of America reissued a “buy” rating and issued a $200.00 price target on shares of IBM Common Stock in a report on Thursday, July 19th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $166.52.
The company has a debt-to-equity ratio of 2.03, a current ratio of 1.32 and a quick ratio of 1.27. The firm has a market capitalization of $133.78 billion, a P/E ratio of 10.77, a P/E/G ratio of 2.14 and a beta of 0.87.
The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Friday, August 10th were issued a dividend of $1.57 per share. This represents a $6.28 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Thursday, August 9th. IBM Common Stock’s dividend payout ratio is presently 45.51%.
In other IBM Common Stock news, insider Diane J. Gherson sold 11,451 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $145.42, for a total transaction of $1,665,204.42. Following the transaction, the insider now owns 19,114 shares of the company’s stock, valued at approximately $2,779,557.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Apriem Advisors bought a new stake in shares of IBM Common Stock in the 1st quarter worth approximately $216,000. Adalta Capital Management LLC bought a new stake in shares of IBM Common Stock in the 1st quarter worth approximately $230,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of IBM Common Stock by 39.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,372 shares of the technology company’s stock worth $364,000 after purchasing an additional 675 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of IBM Common Stock by 23.2% in the 1st quarter. Perigon Wealth Management LLC now owns 7,161 shares of the technology company’s stock worth $1,099,000 after purchasing an additional 1,349 shares during the last quarter. Finally, Compton Capital Management Inc. RI lifted its holdings in shares of IBM Common Stock by 8.1% in the 1st quarter. Compton Capital Management Inc. RI now owns 8,757 shares of the technology company’s stock worth $1,344,000 after purchasing an additional 654 shares during the last quarter. 55.68% of the stock is currently owned by institutional investors.
IBM Common Stock Company Profile (NYSE:IBM)
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
Further Reading: Average Daily Trade Volume Explained
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