Game Creek Capital LP Raises Stake in International Business Machines Co. (NYSE:IBM)

Game Creek Capital LP increased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,050 shares of the technology company's stock after acquiring an additional 2,800 shares during the quarter. International Business Machines makes up about 1.4% of Game Creek Capital LP's portfolio, making the stock its 17th biggest holding. Game Creek Capital LP's holdings in International Business Machines were worth $3,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. Compass Financial Services Inc purchased a new stake in International Business Machines during the fourth quarter worth about $26,000. Vision Financial Markets LLC purchased a new stake in International Business Machines during the fourth quarter worth about $31,000. Avondale Wealth Management increased its stake in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares during the period. Valued Wealth Advisors LLC increased its stake in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC purchased a new stake in International Business Machines during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE IBM traded up $4.54 during midday trading on Monday, hitting $253.74. The company had a trading volume of 4,608,347 shares, compared to its average volume of 4,210,020. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a twelve month low of $163.53 and a twelve month high of $266.45. The business has a 50-day simple moving average of $243.01 and a two-hundred day simple moving average of $234.91. The firm has a market capitalization of $235.82 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 earnings per share. Equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.65%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. UBS Group reiterated a "sell" rating and set a $170.00 price target (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Oppenheimer assumed coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $248.50.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.