Aaron Wealth Advisors LLC Increases Stock Holdings in International Business Machines Co. (NYSE:IBM)

Aaron Wealth Advisors LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 2.9% during the third quarter, Holdings Channel.com reports. The firm owned 7,820 shares of the technology company’s stock after buying an additional 222 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in International Business Machines were worth $1,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IBM. FPC Investment Advisory Inc. purchased a new stake in shares of International Business Machines during the 1st quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines during the first quarter worth $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the second quarter valued at $36,000. Financial Synergies Wealth Advisors Inc. lifted its stake in shares of International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in shares of International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after purchasing an additional 60 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBM. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. UBS Group upped their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group lifted their price objective on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $203.06.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $1.37 on Friday, hitting $231.51. The stock had a trading volume of 791,457 shares, compared to its average volume of 4,176,244. The company’s 50 day moving average price is $211.38 and its 200 day moving average price is $188.85. The stock has a market cap of $212.67 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 5.21 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $237.37.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the firm earned $2.18 EPS. International Business Machines’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 2.89%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.