JBR Co Financial Management Inc Has $1.40 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

JBR Co Financial Management Inc reduced its position in shares of International Business Machines Co. (NYSE:IBM) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,350 shares of the technology company’s stock after selling 54 shares during the quarter. International Business Machines comprises about 0.9% of JBR Co Financial Management Inc’s portfolio, making the stock its 25th biggest position. JBR Co Financial Management Inc’s holdings in International Business Machines were worth $1,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in shares of International Business Machines in the 1st quarter worth $26,000. ESL Trust Services LLC acquired a new position in International Business Machines during the first quarter worth $28,000. Creekmur Asset Management LLC bought a new position in shares of International Business Machines in the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at about $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines during the second quarter worth about $36,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

International Business Machines stock traded up $0.24 during midday trading on Friday, reaching $233.26. The stock had a trading volume of 3,469,322 shares, compared to its average volume of 4,208,364. The firm has a market capitalization of $214.27 billion, a PE ratio of 26.42, a P/E/G ratio of 5.21 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm’s 50-day moving average price is $207.67 and its 200 day moving average price is $187.64. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $235.83.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the business earned $2.18 EPS. International Business Machines’s revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is 75.65%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus lifted their price target on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Evercore ISI lifted their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Jefferies Financial Group increased their price target on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $198.41.

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.