Beddow Capital Management Inc. Has $14.84 Million Stock Position in International Business Machines Corporation $IBM

Beddow Capital Management Inc. reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 8.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,328 shares of the technology company’s stock after selling 4,730 shares during the period. International Business Machines comprises 5.9% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Beddow Capital Management Inc.’s holdings in International Business Machines were worth $14,836,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Family CFO Inc acquired a new position in International Business Machines in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC bought a new stake in shares of International Business Machines in the second quarter worth $27,000. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the period. Silicon Valley Capital Partners lifted its holdings in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, Copia Wealth Management grew its position in shares of International Business Machines by 57.6% in the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after buying an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America lifted their price objective on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Jefferies Financial Group lifted their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Oppenheimer assumed coverage on International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 price target for the company. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.38.

International Business Machines Price Performance

IBM stock opened at $309.33 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company’s 50-day moving average is $299.47 and its 200-day moving average is $278.09. The stock has a market capitalization of $289.14 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 3.09 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.30 EPS. Equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s payout ratio is 80.38%.

International Business Machines Company 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.