Minneapolis Portfolio Administration Group LLC decreased its holdings in Worldwide Enterprise Machines Co. (NYSE:IBM – Get Score) by 3.3% through the fourth quarter, based on its most up-to-date submitting with the Securities and Trade Fee (SEC). The agency owned 225,966 shares of the expertise firm’s inventory after promoting 7,763 shares through the interval. Worldwide Enterprise Machines includes 4.5% of Minneapolis Portfolio Administration Group LLC’s portfolio, making the inventory its eighth largest holding. Minneapolis Portfolio Administration Group LLC’s holdings in Worldwide Enterprise Machines had been price $31,836,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally lately added to or diminished their stakes within the firm. Valeo Monetary Advisors LLC raised its stake in Worldwide Enterprise Machines by 16.3% through the fourth quarter. Valeo Monetary Advisors LLC now owns 16,392 shares of the expertise firm’s inventory price $2,309,000 after buying an extra 2,296 shares within the final quarter. Hourglass Capital LLC lifted its stake in Worldwide Enterprise Machines by 0.6% within the 4th quarter. Hourglass Capital LLC now owns 44,620 shares of the expertise firm’s inventory valued at $6,287,000 after buying an extra 285 shares within the final quarter. Foster & Motley Inc. lifted its stake in Worldwide Enterprise Machines by 36.2% within the 4th quarter. Foster & Motley Inc. now owns 28,154 shares of the expertise firm’s inventory valued at $3,967,000 after buying an extra 7,480 shares within the final quarter. Nicolet Advisory Providers LLC lifted its stake in Worldwide Enterprise Machines by 6.3% within the 4th quarter. Nicolet Advisory Providers LLC now owns 7,062 shares of the expertise firm’s inventory valued at $1,026,000 after buying an extra 417 shares within the final quarter. Lastly, HBK Sorce Advisory LLC elevated its place in shares of Worldwide Enterprise Machines by 96.4% through the 4th quarter. HBK Sorce Advisory LLC now owns 66,424 shares of the expertise firm’s inventory price $9,359,000 after buying an extra 32,607 shares over the last quarter. Institutional traders and hedge funds personal 55.90% of the corporate’s inventory.
Analyst Rankings Adjustments
IBM has been the subject of plenty of current analyst reviews. Evercore ISI decreased their goal value on Worldwide Enterprise Machines from $150.00 to $140.00 and set an “inline” ranking on the inventory in a report on Thursday, April twentieth. Credit score Suisse Group dropped their goal value on Worldwide Enterprise Machines from $165.00 to $162.00 and set an “outperform” ranking for the corporate in a analysis report on Thursday, April thirteenth. Morgan Stanley dropped their goal value on Worldwide Enterprise Machines from $143.00 to $135.00 and set an “equal weight” ranking for the corporate in a analysis report on Thursday, April twentieth. Moffett Nathanson raised Worldwide Enterprise Machines from an “underperform” ranking to a “market carry out” ranking and set a $140.00 value goal for the corporate in a analysis be aware on Tuesday, January twenty fourth. Lastly, BMO Capital Markets decreased their goal value on Worldwide Enterprise Machines from $155.00 to $145.00 and set a “market carry out” ranking for the corporate in a analysis be aware on Thursday, April twentieth. One analyst has rated the inventory with a promote ranking, six have issued a maintain ranking and two have given a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat, the inventory at the moment has a consensus ranking of “Maintain” and a consensus value goal of $139.20.
Worldwide Enterprise Machines Inventory Efficiency
Shares of IBM inventory traded up $0.50 on Friday, reaching $121.40. The inventory had a buying and selling quantity of 1,107,814 shares, in comparison with its common quantity of 4,849,425. The inventory has a market cap of $110.24 billion, a P/E ratio of 61.37, a price-to-earnings-growth ratio of three.26 and a beta of 0.85. Worldwide Enterprise Machines Co. has a 1 yr low of $115.54 and a 1 yr excessive of $153.21. The corporate has a debt-to-equity ratio of two.48, a fast ratio of 1.11 and a present ratio of 1.16. The corporate has a 50 day easy transferring common of $126.79 and a 200 day easy transferring common of $135.69.
Worldwide Enterprise Machines (NYSE:IBM – Get Score) final introduced its quarterly earnings information on Wednesday, April nineteenth. The expertise firm reported $1.36 EPS for the quarter, beating the consensus estimate of $1.27 by $0.09. Worldwide Enterprise Machines had a return on fairness of 39.86% and a internet margin of three.03%. The enterprise had income of $14.25 billion for the quarter, in comparison with the consensus estimate of $14.33 billion. Throughout the identical interval within the earlier yr, the enterprise earned $1.40 earnings per share. The enterprise’s income was up .4% on a year-over-year foundation. Equities analysis analysts anticipate that Worldwide Enterprise Machines Co. will put up 9.3 EPS for the present yr.
Worldwide Enterprise Machines Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which will probably be paid on Saturday, June tenth. Buyers of file on Wednesday, Could tenth will probably be given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 5.47%. This is a rise from Worldwide Enterprise Machines’s earlier quarterly dividend of $1.65. The ex-dividend date of this dividend is Tuesday, Could ninth. Worldwide Enterprise Machines’s dividend payout ratio is presently 337.06%.
Worldwide Enterprise Machines Firm Profile
(Get Score)
Worldwide Enterprise Machines Corp. is an info expertise firm, which engages within the provision of built-in options that leverage info expertise and information of enterprise processes. It operates by the next segments: Software program, Consulting, Infrastructure, Financing, and Different.
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