Advisors Management Group Inc. ADV Boosts Stake in International Business Machines Co. (NYSE:IBM)

Advisors Management Group Inc. ADV increased its position in shares of International Business Machines Co. (NYSE:IBM) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,695 shares of the technology company’s stock after purchasing an additional 348 shares during the quarter. International Business Machines accounts for 2.1% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 13th biggest holding. Advisors Management Group Inc. ADV’s holdings in International Business Machines were worth $8,997,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IBM. Central Pacific Bank Trust Division purchased a new stake in International Business Machines in the 1st quarter valued at approximately $226,000. VitalStone Financial LLC purchased a new stake in shares of International Business Machines in the first quarter valued at $84,000. Empirical Finance LLC increased its position in International Business Machines by 3.5% during the 1st quarter. Empirical Finance LLC now owns 32,692 shares of the technology company’s stock worth $6,243,000 after purchasing an additional 1,113 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in International Business Machines by 37.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 54,411 shares of the technology company’s stock valued at $10,390,000 after purchasing an additional 14,929 shares in the last quarter. Finally, LSV Asset Management boosted its position in International Business Machines by 4.8% during the first quarter. LSV Asset Management now owns 1,788,047 shares of the technology company’s stock worth $341,445,000 after acquiring an additional 81,887 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 2.9 %

Shares of NYSE:IBM opened at $213.58 on Thursday. The company’s fifty day moving average is $217.49 and its 200-day moving average is $191.86. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a 52 week low of $145.28 and a 52 week high of $237.37. The company has a market capitalization of $197.49 billion, a PE ratio of 31.09, a P/E/G ratio of 4.64 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping 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 company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.20 earnings per share. Equities research analysts predict that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s payout ratio is presently 97.23%.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Morgan Stanley reduced their target price on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. BMO Capital Markets lifted their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Finally, StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average target price of $208.12.

International Business Machines 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.