International Business Machines Corporation $IBM Shares Bought by Capital Wealth Planning LLC

Key Points

• Capital Wealth Planning LLC increased its IBM stake by 12.2% in the fourth quarter, buying 266,490 more shares and bringing its total holding to 2.44 million shares worth about $719.4 million.
• IBM continues to draw broad institutional investor interest, with several hedge funds boosting positions and institutions now owning 58.96% of the stock overall.
• The company’s latest results showed solid earnings and revenue growth, with quarterly EPS of $1.91 beating estimates and revenue rising 9.5% year over year; IBM also raised its quarterly dividend to $1.69 per share.

Capital Wealth Planning LLC grew its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 12.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,444,051 shares of the technology company's stock after buying an additional 266,490 shares during the quarter. International Business Machines accounts for about 4.7% of Capital Wealth Planning LLC's portfolio, making the stock its 10th largest holding. Capital Wealth Planning LLC owned about 0.26% of International Business Machines worth $719,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Brighton Jones LLC raised its position in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after buying an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company's stock valued at $571,000 after buying an additional 186 shares in the last quarter. Jump Financial LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at approximately $211,000. Ieq Capital LLC raised its position in shares of International Business Machines by 2.2% in the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company's stock valued at $11,383,000 after buying an additional 843 shares in the last quarter. Finally, Vivaldi Capital Management LP raised its position in shares of International Business Machines by 11.6% in the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company's stock valued at $300,000 after buying an additional 106 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Jim Cramer publicly favored IBM over Xanadu Quantum, saying investors should “buy IBM” if they want exposure to the quantum theme, which can reinforce confidence in IBM as a more credible and profitable long-term AI/quantum name. Jim Cramer Recommends IBM Over Xanadu Quantum
• Positive Sentiment: IBM announced an expanded global collaboration with JA Worldwide to deliver AI and digital-skills education to up to one million high-school students, highlighting IBM’s efforts to build ecosystem adoption and strengthen its brand in AI. JA Worldwide and IBM Expand Global Collaboration with Goal of Delivering AI and Digital Skills to Up to One Million High-School Students
• Positive Sentiment: Several articles framed IBM as a strong long-term beneficiary of the quantum-computing boom, including coverage that described IBM as a “safer play” alongside Alphabet in the sector and another piece calling IBM a long-term buy tied to its recurring-revenue software and infrastructure engine. Quantum Computing Looks Like Nvidia in 2019. This Could Be the Generational Buy of the Decade.
• Neutral Sentiment: IBM CEO Arvind Krishna’s recent comments on quantum advantage, AI usage, and the company’s profit strategy keep IBM in the AI/quantum conversation, but the remarks were more strategic than immediately financial. IBM CEO Krishna on Quantum Advantage, Profit Strategy
• Neutral Sentiment: One analyst-style article argued that Celestica may be a better AI infrastructure buy than IBM due to faster growth and a cheaper valuation, which is a reminder that IBM still faces competition for investor capital in AI hardware/infrastructure. Celestica vs. IBM: Which AI Infrastructure Stock is the Better Buy?
• Negative Sentiment: Recent 247WallSt commentary said IBM has already rallied enough that some investors may prefer to wait for a pullback, and it also noted the stock is not cheap after IBM’s large quantum investment announcement. IBM Just Placed a $10 Billion Bet to Become the Nvidia of Quantum Computing

International Business Machines Stock Performance

NYSE:IBM opened at $272.78 on Thursday. The company has a market capitalization of $256.38 billion, a PE ratio of 24.12, a P/E/G ratio of 2.87 and a beta of 0.67. The company has a 50 day simple moving average of $248.79 and a two-hundred day simple moving average of $270.49. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same period in the prior year, the firm posted $1.60 EPS. The company's quarterly revenue was up 9.5% on a year-over-year basis. Research analysts anticipate that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, May 8th. This is an increase from International Business Machines's previous quarterly dividend of $1.68. International Business Machines's dividend payout ratio (DPR) is 59.77%.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. Roth Mkm restated a "buy" rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Citigroup upped their price objective on shares of International Business Machines from $285.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. DZ Bank upgraded shares of International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 price objective for the company in a research report on Friday, April 24th. BMO Capital Markets lowered their price objective on shares of International Business Machines from $290.00 to $270.00 and set a "market perform" rating for the company in a research report on Thursday, April 23rd. Finally, Needham & Company LLC began coverage on shares of International Business Machines in a report on Wednesday, June 3rd. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $304.17.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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