On May 16, 2023 at 15:31:55 ET an unusually large $632.50K block of Put contracts in International Business Machines (IBM) was sold, with a strike price of $135.00 / share, expiring in 31 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.29 sigmas above the mean, placing it in the 96.57th percentile of all recent large trades made in IBM options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 3345 funds or institutions reporting positions in International Business Machines. This is a decrease of 41 owner(s) or 1.21% in the last quarter. Average portfolio weight of all funds dedicated to IBM is 0.46%, a decrease of 0.47%. Total shares owned by institutions decreased in the last three months by 4.84% to 550,963K shares. The put/call ratio of IBM is 0.74, indicating a bullish outlook.
Analyst Price Forecast Suggests 16.41% Upside
As of May 11, 2023, the average one-year price target for International Business Machines is 143.61. The forecasts range from a low of 111.10 to a high of $170.10. The average price target represents an increase of 16.41% from its latest reported closing price of 123.36.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for International Business Machines is 61,148MM, an increase of 0.93%. The projected annual non-GAAP EPS is 9.77.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 27,482K shares representing 3.03% ownership of the company. In it’s prior filing, the firm reported owning 26,949K shares, representing an increase of 1.94%. The firm increased its portfolio allocation in IBM by 11.68% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 20,901K shares representing 2.30% ownership of the company. In it’s prior filing, the firm reported owning 20,474K shares, representing an increase of 2.04%. The firm increased its portfolio allocation in IBM by 11.53% over the last quarter.
Geode Capital Management holds 16,209K shares representing 1.79% ownership of the company. In it’s prior filing, the firm reported owning 15,974K shares, representing an increase of 1.45%. The firm decreased its portfolio allocation in IBM by 12.68% over the last quarter.
SCHD – Schwab U.S. Dividend Equity ETF holds 12,993K shares representing 1.43% ownership of the company. In it’s prior filing, the firm reported owning 12,930K shares, representing an increase of 0.48%. The firm decreased its portfolio allocation in IBM by 16.10% over the last quarter.
Northern Trust holds 10,155K shares representing 1.12% ownership of the company. In it’s prior filing, the firm reported owning 10,383K shares, representing a decrease of 2.25%. The firm decreased its portfolio allocation in IBM by 67.90% over the last quarter.
International Business Machines Declares $1.66 Dividend
On April 25, 2023 the company declared a regular quarterly dividend of $1.66 per share ($6.64 annualized). Shareholders of record as of May 10, 2023 will receive the payment on June 10, 2023. Previously, the company paid $1.65 per share.
At the current share price of $123.36 / share, the stock’s dividend yield is 5.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.93%, the lowest has been 4.10%, and the highest has been 6.84%. The standard deviation of yields is 0.42 (n=237).
The current dividend yield is 1.09 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 3.29. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.02%, demonstrating that it has increased its dividend over time.
International Business Machines Background Information
(This description is provided by the company.)
International Business Machines Corporation (IBM) is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most annual U.S. patents generated by a business (as of 2020) for 28 consecutive years.
Key filings for this company:
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 FOR THE YEAR ENDED DECEMBER 31, 2022 (Commission file number) INTERNATIONAL BUSINE
This article originally appeared on Fintel
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