Advocate Group LLC lifted its stake in Worldwide Enterprise Machines Co. (NYSE:IBM – Get Score) by 11.1% within the 4th quarter, in keeping with its most up-to-date submitting with the Securities and Change Fee (SEC). The institutional investor owned 68,843 shares of the know-how firm’s inventory after buying an extra 6,900 shares through the interval. Worldwide Enterprise Machines accounts for roughly 2.1% of Advocate Group LLC’s holdings, making the inventory its seventh largest place. Advocate Group LLC’s holdings in Worldwide Enterprise Machines have been value $9,699,000 as of its most up-to-date SEC submitting.

→ “Put together for 5 Years of Famine” (From Legacy Analysis)

Different hedge funds and different institutional traders have additionally not too long ago modified their holdings of the corporate. Lam Group Inc. purchased a brand new place in Worldwide Enterprise Machines within the 4th quarter value $28,000. EdgeRock Capital LLC purchased a brand new place in Worldwide Enterprise Machines within the third quarter value $36,000. McClarren Monetary Advisors Inc. purchased a brand new place in Worldwide Enterprise Machines within the third quarter value $38,000. Ten Capital Wealth Advisors LLC boosted its holdings in Worldwide Enterprise Machines by 352.5% within the third quarter. Ten Capital Wealth Advisors LLC now owns 362 shares of the know-how firm’s inventory value $43,000 after shopping for an extra 282 shares through the interval. Lastly, Heritage Wealth Administration LLC purchased a brand new place in Worldwide Enterprise Machines within the 2nd quarter value $47,000. 55.90% of the inventory is at the moment owned by hedge funds and different institutional traders.

Worldwide Enterprise Machines Buying and selling Up 0.4 %

Worldwide Enterprise Machines inventory traded up $0.47 throughout noon buying and selling on Friday, reaching $123.84. The inventory had a buying and selling quantity of 747,952 shares, in comparison with its common quantity of 5,188,788. The agency has a market cap of $112.34 billion, a price-to-earnings ratio of 70.10, a price-to-earnings-growth ratio of three.27 and a beta of 0.85. The corporate has a fifty day transferring common of $133.07 and a 200 day transferring common of $134.97. Worldwide Enterprise Machines Co. has a 52-week low of $115.54 and a 52-week excessive of $153.21. The corporate has a fast ratio of 0.87, a present ratio of 0.92 and a debt-to-equity ratio of two.10.

Worldwide Enterprise Machines (NYSE:IBM – Get Score) final issued its earnings outcomes on Wednesday, January twenty fifth. The know-how firm reported $3.60 EPS for the quarter, lacking analysts’ consensus estimates of $3.61 by ($0.01). The corporate had income of $16.69 billion for the quarter, in comparison with analysts’ expectations of $16.38 billion. Worldwide Enterprise Machines had a return on fairness of 41.24% and a internet margin of two.71%. The enterprise’s income was up .0% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the enterprise posted $3.35 earnings per share. On common, analysts anticipate that Worldwide Enterprise Machines Co. will publish 9.46 earnings per share for the present fiscal 12 months.

Worldwide Enterprise Machines Dividend Announcement

The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Friday, March tenth. Stockholders of document on Friday, February tenth have been paid a dividend of $1.65 per share. The ex-dividend date was Thursday, February ninth. This represents a $6.60 dividend on an annualized foundation and a dividend yield of 5.33%. Worldwide Enterprise Machines’s dividend payout ratio is presently 375.00%.

Wall Road Analysts Forecast Progress

A number of analysis corporations have commented on IBM. Edward Jones downgraded shares of Worldwide Enterprise Machines from a “purchase” ranking to a “maintain” ranking in a report on Monday, February sixth. Moffett Nathanson raised shares of Worldwide Enterprise Machines from an “underperform” ranking to a “market carry out” ranking and set a $140.00 worth goal for the corporate in a report on Tuesday, January twenty fourth. Morgan Stanley dropped their worth goal on shares of Worldwide Enterprise Machines from $148.00 to $143.00 in a report on Thursday, January twenty sixth. Evercore ISI upped their goal worth on shares of Worldwide Enterprise Machines from $135.00 to $150.00 in a analysis report on Tuesday, January seventeenth. Lastly, Citigroup upped their goal worth on shares of Worldwide Enterprise Machines from $140.00 to $145.00 and gave the corporate a “impartial” ranking in a analysis report on Thursday, January twenty sixth. One analysis analyst has rated the inventory with a promote ranking, six have given a maintain ranking and 4 have assigned a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat.com, Worldwide Enterprise Machines presently has a consensus ranking of “Maintain” and a mean worth goal of $142.73.

About Worldwide Enterprise Machines

(Get Score)

Worldwide Enterprise Machines Corp. is an info know-how firm, which engages within the provision of built-in options that leverage info know-how and information of enterprise processes. It operates by way of the next segments: Software program, Consulting, Infrastructure, Financing, and Different.

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 – Get Score).

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

Earlier than you take into account Worldwide Enterprise Machines, you will need to hear this.

MarketBeat retains observe of Wall Road’s top-rated and finest performing analysis analysts and the shares they advocate to their purchasers every day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Worldwide Enterprise Machines wasn’t on the record.

Whereas Worldwide Enterprise Machines at the moment has a “Maintain” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The 5 Shares Right here