International Business Machines Co. (NYSE:IBM) Shares Purchased by Carson Advisory Inc.

Carson Advisory Inc. grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,880 shares of the technology company’s stock after buying an additional 216 shares during the quarter. International Business Machines accounts for 1.8% of Carson Advisory Inc.’s portfolio, making the stock its 11th largest position. Carson Advisory Inc.’s holdings in International Business Machines were worth $2,574,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IBM. MGO One Seven LLC boosted its position in International Business Machines by 6.7% during the 2nd quarter. MGO One Seven LLC now owns 25,471 shares of the technology company’s stock worth $4,405,000 after purchasing an additional 1,593 shares during the period. Steigerwald Gordon & Koch Inc. boosted its position in shares of International Business Machines by 3.5% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 99,295 shares of the technology company’s stock worth $17,173,000 after buying an additional 3,375 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of International Business Machines by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 39,702 shares of the technology company’s stock valued at $6,867,000 after buying an additional 472 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in shares of International Business Machines during the 2nd quarter valued at about $215,000. Finally, Gryphon Financial Partners LLC lifted its position in International Business Machines by 3.8% during the 2nd quarter. Gryphon Financial Partners LLC now owns 2,630 shares of the technology company’s stock worth $455,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $205.32 on Wednesday. The business has a 50 day simple moving average of $190.65 and a 200-day simple moving average of $182.80. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $205.95. The company has a market capitalization of $189.13 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 4.47 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 (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share 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 analyst estimates of $15.62 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid 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 3.25%. International Business Machines’s payout ratio is currently 75.65%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IBM. UBS Group increased their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. BMO Capital Markets upped their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Royal Bank of Canada lifted their target price on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group started coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $185.93.

About International Business Machines

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.