Goldstein Advisors LLC Grows Stock Holdings in International Business Machines Co. (NYSE:IBM)

Goldstein Advisors LLC raised its position in International Business Machines Co. (NYSE:IBM) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,217 shares of the technology company’s stock after acquiring an additional 47 shares during the quarter. Goldstein Advisors LLC’s holdings in International Business Machines were worth $269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of International Business Machines during the first quarter valued at about $26,000. ESL Trust Services LLC purchased a new position in shares of International Business Machines during the first quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines during the second quarter valued at about $36,000. Wolff Wiese Magana LLC increased its position in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after buying an additional 60 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in shares of International Business Machines by 47.2% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $53,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on IBM shares. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley dropped their price objective on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Thursday. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Bank of America boosted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets boosted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Stock Down 1.7 %

Shares of International Business Machines stock opened at $214.67 on Friday. The company has a market cap of $197.74 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 4.84 and a beta of 0.70. The company’s 50 day moving average is $215.58 and its 200 day moving average is $190.43. International Business Machines Co. has a twelve month low of $141.58 and a twelve month high of $237.37. 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 (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Research analysts anticipate that International Business Machines Co. will post 10.13 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.11%. International Business Machines’s dividend payout ratio (DPR) is 73.65%.

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.