Eye-Popping Dividend Stock: International Business Machines Corporation (IBM)

Modesto Morganelli
Febbraio 22, 2017

Cypress Capital Management LLC WY bought a new position in shares of International Business Machines Corporation during the second quarter worth about $107,000. International Business Machines Corporation's quarterly revenue was down 1.3% compared to the same quarter previous year. Following the completion of the sale, the insider now directly owns 29,856 shares in the company, valued at approximately $5,323,623.36. Jackson Grant Investment Advisers Inc. raised its stake in shares of International Business Machines Corporation by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company's stock worth $110,000 after buying an additional 5 shares during the period. Finally, CKW Financial Group increased its position in shares of International Business Machines Corporation by 0.4% in the third quarter. The stock hit 1-yearhigh at $182.79 and a low of $119.00 in the same period. Hedge funds and other institutional investors own 58.65% of the company's stock. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/02/22/first-command-bank-takes-position-in-international-business-machines-corporation-ibm.html.

International Business Machines Corporation's (IBM), a part of Technology sector and belongs to Information Technology Services industry; ended its day with a loss of -0.42% and finalized at the price of $180.67. The technology company reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.88 by $0.13. The firm earned $21.77 billion during the quarter, compared to analysts' expectations of $21.69 billion. IBM has P/E (Price to Earnings ttm) value of 14.64, Forward P/E of 12.83, P/C (Price to cash per share) of 20.09 and Price to Free Cash Flow (P/FCF) value of 22.73.

International Business Machines Corporation (NYSE:IBM) now has a consensus Price Target of $165.55. The company's quarterly revenue was down 1.3% compared to the same quarter past year.

International Business Machines Corporation (NYSE:IBM) closed 15.11% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $5.60 annualized dividend and a yield of 3.08%. International Business Machines Corporation's payout ratio is 45.16%.

A number of analysts have recently commented on the company. Finally, Credit Suisse Group reaffirmed a "sell" rating and set a $110.00 target price on shares of International Business Machines Corporation in a research report on Thursday, December 1st. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. While some analysts have a High Price target for the stock of $192 and a Low Price Target of $125. This rating was issued on 1/04/17. The stock presently has an average rating of "Hold" and a consensus price target of $163.41.

The stock volatility for week was 0.94% while for month was 1.25%.The stock, as of last close, traded 51.83% to its 52 week low and was changed -1.16% from its 52 week high. The shares were sold at an average price of $162.44, for a total value of $342,261.08. Following the transaction, the insider now owns 20,952 shares in the company, valued at approximately $3,754,179.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $178.31, for a total transaction of $99,675.29. The disclosure for this sale can be found here. The average volume stands around 3.61 million shares.

International Business Machines Corporation (IBM) is a technology company.

The Hartford Financial Services Group, Inc. The Company's GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

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