International Business Machines Co. (NYSE:IBM) Shares Acquired by Investment Advisory Group LLC

Investment Advisory Group LLC raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,160 shares of the technology company’s stock after purchasing an additional 307 shares during the period. Investment Advisory Group LLC’s holdings in International Business Machines were worth $699,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of International Business Machines during the second quarter valued at $7,160,000. Hodges Capital Management Inc. grew its holdings in shares of International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock valued at $3,921,000 after buying an additional 7,768 shares during the last quarter. Burns J W & Co. Inc. NY grew its holdings in shares of International Business Machines by 10.8% during the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock valued at $491,000 after buying an additional 250 shares during the last quarter. Smith Thornton Advisors LLC purchased a new stake in shares of International Business Machines during the second quarter valued at $702,000. Finally, Retirement Planning Group LLC purchased a new stake in shares of International Business Machines during the third quarter valued at $618,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM stock traded down $2.26 during mid-day trading on Tuesday, hitting $233.00. 3,345,723 shares of the stock were exchanged, compared to its average volume of 4,195,569. The firm has a fifty day moving average of $208.71 and a 200 day moving average of $187.93. The company has a quick ratio of 1.08, a current ratio of 1.12 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. The company has a market cap of $214.03 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the company posted $2.18 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.87%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IBM shares. Royal Bank of Canada boosted their price objective on shares of International Business Machines from $211.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. UBS Group upped their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Finally, Bernstein Bank upped their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and an average price target 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.