Hancock Whitney Corp lessened its stake in Intercontinental Small business Machines Co. (NYSE:IBM – Get Ranking) by 22.7% in the fourth quarter, in accordance to its most modern disclosure with the Securities and Exchange Fee. The fund owned 6,798 shares of the know-how company’s stock after marketing 1,993 shares for the duration of the quarter. Hancock Whitney Corp’s holdings in International Company Machines have been well worth $909,000 as of its most modern SEC submitting.
Other hedge funds and other institutional investors also not too long ago extra to or minimized their stakes in the business. Economical Enhancement Group LLC improved its holdings in Global Enterprise Machines by 10,000.% in the third quarter. Fiscal Improvement Team LLC now owns 202 shares of the technology company’s stock valued at $28,000 after getting an more 200 shares all through the previous quarter. Simon Swift Advisors LLC amplified its holdings in shares of Intercontinental Company Devices by 61.3% in the 3rd quarter. Simon Rapid Advisors LLC now owns 263 shares of the technology company’s stock worthy of $36,000 immediately after attaining an additional 100 shares in the very last quarter. Consolidated Arranging Corp purchased a new stake in shares of International Business enterprise Equipment in the third quarter worthy of about $50,000. Carderock Money Management Inc. acquired a new stake in shares of International Small business Machines in the third quarter truly worth about $53,000. Last but not least, Destiny Prosperity Partners LLC bought a new stake in shares of Global Organization Devices in the third quarter worth about $59,000. Institutional investors and hedge cash individual 54.91% of the company’s stock.
Various equities investigate analysts have issued experiences on IBM shares. The Goldman Sachs Team started off protection on Global Organization Equipment in a report on Sunday, January 9th. They issued a “neutral” ranking and a $140.00 cost goal for the business. Zacks Expense Study upgraded International Small business Machines from a “sell” score to a “hold” ranking and set a $132.00 selling price concentrate on for the company in a report on Friday, December 17th. Evercore ISI commenced coverage on Intercontinental Company Equipment in a report on Thursday, December 2nd. They issued a “positive” score and a $125.00 rate target for the firm. UBS Team lowered their price objective on Intercontinental Company Equipment from $124.00 to $118.00 in a exploration report on Tuesday, January 25th. Eventually, Stifel Nicolaus diminished their cost aim on Global Business Machines from $151.00 to $145.00 and set a “buy” rating for the business in a investigation report on Wednesday, December 15th. Just one equities analysis analyst has rated the stock with a market score, six have assigned a hold score and four have assigned a obtain rating to the company. In accordance to facts from MarketBeat, Intercontinental Organization Devices presently has a consensus score of “Hold” and a consensus concentrate on cost of $146.45.
Shares of NYSE IBM opened at $131.35 on Friday. The inventory has a 50 day shifting average price tag of $129.20 and a 200 day moving ordinary price of $129.81. Intercontinental Small business Equipment Co. has a 52 7 days lower of $114.56 and a 52 7 days large of $152.84. The firm has a financial debt-to-equity ratio of 2.36, a speedy ratio of .83 and a current ratio of .88. The stock has a current market capitalization of $118.12 billion, a PE ratio of 20.69, a value-to-earnings-growth ratio of 1.19 and a beta of 1.10.
Intercontinental Company Devices (NYSE:IBM – Get Ranking) last issued its quarterly earnings outcomes on Monday, January 24th. The technology enterprise documented $3.35 EPS for the quarter, missing the consensus estimate of $3.39 by ($.04). International Organization Equipment had a web margin of 8.11% and a return on fairness of 42.49%. The corporation experienced income of $16.70 billion for the quarter, in comparison to analyst estimates of $15.96 billion. Through the exact same period of time previous year, the corporation posted $2.07 earnings per share. The business’s revenue for the quarter was up 6.5% on a 12 months-over-12 months foundation. As a team, investigate analysts forecast that Worldwide Business Devices Co. will put up 10.09 EPS for the present-day year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Friday, February 11th have been specified a $1.64 dividend. The ex-dividend date of this dividend was Thursday, February 10th. This signifies a $6.56 dividend on an annualized basis and a dividend yield of 4.99%. Intercontinental Small business Machines’s payout ratio is 103.31%.
Worldwide Enterprise Equipment Company Profile (Get Ranking)
Intercontinental Organization Machines Corp. is an information technologies firm, which gives built-in options that leverage data engineering and information of business procedures. It operates through the next segments: Cloud and Cognitive Program, World-wide Company Companies, World wide Engineering Services, Programs, and International Financing.
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