Leigh Baldwin & CO. LLC Makes New $106.54 Million Investment in International Business Machines Co. (NYSE:IBM)

Leigh Baldwin & CO. LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 484,638 shares of the technology company's stock, valued at approximately $106,538,000. Leigh Baldwin & CO. LLC owned approximately 0.05% of International Business Machines as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. LRI Investments LLC raised its position in shares of International Business Machines by 4.7% during the 4th quarter. LRI Investments LLC now owns 4,623 shares of the technology company's stock valued at $1,016,000 after purchasing an additional 207 shares during the period. Lighthouse Investment Partners LLC bought a new stake in International Business Machines during the fourth quarter valued at about $1,539,000. Investor s Fiduciary Advisor Network LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at about $348,000. J. Goldman & Co LP boosted its stake in shares of International Business Machines by 146.0% in the fourth quarter. J. Goldman & Co LP now owns 11,778 shares of the technology company's stock worth $2,589,000 after acquiring an additional 6,991 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth about $5,819,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research analyst reports. UBS Group reaffirmed a "sell" rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a research report on Wednesday, May 7th. StockNews.com lowered 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. Finally, Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $248.50.

International Business Machines Stock Performance

IBM stock opened at $249.32 on Monday. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $266.45. The business has a 50-day moving average price of $243.01 and a 200 day moving average price of $234.91. The company has a market capitalization of $231.72 billion, a P/E ratio of 38.90, a PEG ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. As a group, equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.70%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Insiders Place Their Bets

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

International Business Machines 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.

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