Levin Capital Methods L.P. lifted its stake in Worldwide Enterprise Machines Co. (NYSE:IBM – Free Report) by 114.3% through the first quarter, in response to the corporate in its most up-to-date 13F submitting with the Securities & Trade Fee. The institutional investor owned 120,460 shares of the know-how firm’s inventory after buying an extra 64,241 shares through the quarter. Worldwide Enterprise Machines includes roughly 2.0% of Levin Capital Methods L.P.’s holdings, making the inventory its sixteenth largest place. Levin Capital Methods L.P.’s holdings in Worldwide Enterprise Machines had been price $15,791,000 as of its most up-to-date SEC submitting.

Numerous different hedge funds have additionally not too long ago made modifications to their positions within the inventory. Duncker Streett & Co. Inc. lifted its place in Worldwide Enterprise Machines by 0.9% within the 1st quarter. Duncker Streett & Co. Inc. now owns 9,526 shares of the know-how firm’s inventory valued at $1,249,000 after buying an extra 88 shares within the final quarter. GraniteShares Advisors LLC purchased a brand new place in Worldwide Enterprise Machines within the 1st quarter valued at roughly $350,000. Cherry Creek Funding Advisors Inc. lifted its place in Worldwide Enterprise Machines by 0.6% within the 1st quarter. Cherry Creek Funding Advisors Inc. now owns 39,674 shares of the know-how firm’s inventory valued at $5,201,000 after buying an extra 236 shares within the final quarter. NovaPoint Capital LLC lifted its place in Worldwide Enterprise Machines by 6.4% within the 1st quarter. NovaPoint Capital LLC now owns 27,433 shares of the know-how firm’s inventory valued at $3,596,000 after buying an extra 1,647 shares within the final quarter. Lastly, Ipswich Funding Administration Co. Inc. lifted its place in Worldwide Enterprise Machines by 1.6% within the 1st quarter. Ipswich Funding Administration Co. Inc. now owns 15,629 shares of the know-how firm’s inventory valued at $2,049,000 after buying an extra 250 shares within the final quarter. 55.71% of the inventory is owned by institutional traders.

Wall Road Analysts Forecast Development

IBM has been the subject of a number of analyst stories. Evercore ISI lowered their worth goal on Worldwide Enterprise Machines from $150.00 to $140.00 and set an “inline” ranking on the inventory in a analysis report on Thursday, April twentieth. Stifel Nicolaus lowered their worth goal on Worldwide Enterprise Machines from $150.00 to $140.00 and set a “purchase” ranking on the inventory in a analysis report on Thursday, April twentieth. BMO Capital Markets decreased their goal worth on shares of Worldwide Enterprise Machines from $155.00 to $145.00 and set a “market carry out” ranking for the corporate in a analysis observe on Thursday, April twentieth. StockNews.com initiated protection on shares of Worldwide Enterprise Machines in a analysis observe on Thursday, Might 18th. They set a “maintain” ranking for the corporate. Lastly, Morgan Stanley decreased their goal worth on shares of Worldwide Enterprise Machines from $143.00 to $135.00 and set an “equal weight” ranking for the corporate in a analysis observe on Thursday, April twentieth. One analyst has rated the inventory with a promote ranking, seven have assigned a maintain ranking and two have issued a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat, Worldwide Enterprise Machines has a consensus ranking of “Maintain” and a median worth goal of $139.73.

Worldwide Enterprise Machines Inventory Efficiency

Shares of NYSE:IBM traded up $0.87 throughout noon buying and selling on Friday, hitting $133.03. The corporate had a buying and selling quantity of 931,337 shares, in comparison with its common quantity of 4,758,910. The corporate has a debt-to-equity ratio of two.48, a present ratio of 1.16 and a fast ratio of 1.11. The corporate has a market cap of $120.80 billion, a price-to-earnings ratio of 67.09, a PEG ratio of three.54 and a beta of 0.85. Worldwide Enterprise Machines Co. has a 12-month low of $115.54 and a 12-month excessive of $153.21. The corporate has a fifty day transferring common of $129.82 and a two-hundred day transferring common of $132.36.

Worldwide Enterprise Machines (NYSE:IBM – Free Report) final posted its quarterly earnings knowledge on Wednesday, April nineteenth. The know-how firm reported $1.36 EPS for the quarter, topping the consensus estimate of $1.27 by $0.09. The agency had income of $14.25 billion through the quarter, in comparison with analyst estimates of $14.33 billion. Worldwide Enterprise Machines had a return on fairness of 39.86% and a web margin of three.03%. Worldwide Enterprise Machines’s income was up .4% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the enterprise posted $1.40 EPS. On common, equities analysis analysts count on that Worldwide Enterprise Machines Co. will publish 9.32 EPS for the present fiscal 12 months.

Worldwide Enterprise Machines Will increase Dividend

The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Saturday, June tenth. Stockholders of file on Wednesday, Might tenth had been paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 4.99%. It is a optimistic change from Worldwide Enterprise Machines’s earlier quarterly dividend of $1.65. The ex-dividend date of this dividend was Tuesday, Might ninth. Worldwide Enterprise Machines’s dividend payout ratio is 337.06%.

Worldwide Enterprise Machines Firm Profile

(Free Report)

Worldwide Enterprise Machines Company, along with its subsidiaries, offers built-in options and providers worldwide. The corporate operates by way of 4 enterprise segments: Software program, Consulting, Infrastructure, and Financing. The Software program phase presents hybrid cloud platform and software program options; software program for enterprise automation, AIOps and administration, integration, and utility servers; knowledge and synthetic intelligence options; and safety software program and providers for risk, knowledge, and identification.

Additional Studying

Wish to see what different hedge funds are holding IBM? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Worldwide Enterprise Machines Co. (NYSE:IBM – Free Report).

This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected].

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