Stockman Wealth Management Inc. Has $16.07 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Stockman Wealth Management Inc. lifted its holdings in International Business Machines Co. (NYSE:IBM) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,708 shares of the technology company’s stock after purchasing an additional 925 shares during the quarter. International Business Machines accounts for approximately 2.5% of Stockman Wealth Management Inc.’s holdings, making the stock its 8th largest position. Stockman Wealth Management Inc.’s holdings in International Business Machines were worth $16,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of IBM. FPC Investment Advisory Inc. bought a new position in International Business Machines during the first quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines during the first quarter valued at $28,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of International Business Machines during the third quarter valued at $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the 2nd quarter worth about $36,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock traded up $0.03 during mid-day trading on Friday, reaching $213.72. The stock had a trading volume of 3,201,038 shares, compared to its average volume of 4,595,376. The firm’s 50 day simple moving average is $218.02 and its 200 day simple moving average is $192.31. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a one year low of $145.28 and a one year high of $237.37. The firm has a market cap of $197.62 billion, a PE ratio of 31.11, a P/E/G ratio of 4.80 and a beta of 0.71.

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

International Business Machines Dividend Announcement

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

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group upped their target price on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.