Focused Wealth Management Inc Has $2.50 Million Stake in International Business Machines Co. (NYSE:IBM)

Focused Wealth Management Inc boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 52.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,327 shares of the technology company’s stock after acquiring an additional 3,887 shares during the quarter. Focused Wealth Management Inc’s holdings in International Business Machines were worth $2,504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Austin Private Wealth LLC raised its stake in shares of International Business Machines by 45.3% in the third quarter. Austin Private Wealth LLC now owns 5,225 shares of the technology company’s stock valued at $1,155,000 after acquiring an additional 1,628 shares during the last quarter. NorthRock Partners LLC increased its holdings in International Business Machines by 9.2% during the 3rd quarter. NorthRock Partners LLC now owns 3,613 shares of the technology company’s stock valued at $799,000 after purchasing an additional 303 shares in the last quarter. Crestwood Advisors Group LLC raised its position in International Business Machines by 46.7% in the 3rd quarter. Crestwood Advisors Group LLC now owns 22,116 shares of the technology company’s stock valued at $4,889,000 after purchasing an additional 7,044 shares during the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of International Business Machines by 1.1% during the third quarter. Pittenger & Anderson Inc. now owns 15,435 shares of the technology company’s stock worth $3,412,000 after purchasing an additional 175 shares during the last quarter. Finally, Clarity Financial LLC acquired a new stake in shares of International Business Machines in the third quarter valued at $220,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 0.6 %

Shares of NYSE IBM opened at $207.57 on Wednesday. International Business Machines Co. has a 52-week low of $145.28 and a 52-week high of $237.37. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market cap of $191.93 billion, a P/E ratio of 30.21, a P/E/G ratio of 4.68 and a beta of 0.71. The firm has a 50 day moving average price of $217.19 and a 200 day moving average price of $191.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 EPS. Analysts expect that International Business Machines Co. will post 10.11 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IBM shares. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Bernstein Bank increased 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 research note on Thursday, October 3rd. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. BMO Capital Markets upped their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $208.12.

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.