International Business Machines Co. (NYSE:IBM) Stake Raised by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC boosted its holdings in International Business Machines Co. (NYSE:IBMFree Report) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,459 shares of the technology company’s stock after buying an additional 69 shares during the period. Journey Strategic Wealth LLC’s holdings in International Business Machines were worth $345,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $28,000. Live Oak Investment Partners acquired a new stake in International Business Machines in the 4th quarter valued at $30,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines in the 3rd quarter valued at $31,000. PCA Investment Advisory Services Inc. acquired a new stake in International Business Machines in the 2nd quarter valued at $31,000. Finally, Pacific Center for Financial Services acquired a new stake in International Business Machines in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 56.16% of the company’s stock.

International Business Machines Trading Down 1.0 %

Shares of International Business Machines stock traded down $1.82 during trading hours on Monday, hitting $183.97. The company’s stock had a trading volume of 1,060,341 shares, compared to its average volume of 5,815,496. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $196.90. The stock has a 50 day moving average of $166.30 and a 200 day moving average of $152.31. The company has a market capitalization of $167.99 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 3.65 and a beta of 0.71. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.60 earnings per share. Analysts predict that International Business Machines Co. will post 10.03 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 9th. Investors of record on Friday, February 9th will be given a dividend of $1.66 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.61%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analysts Set New Price Targets

Several analysts recently commented on IBM shares. Bank of America boosted their price target on International Business Machines from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Stifel Nicolaus boosted their price objective on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets boosted their price objective on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Societe Generale reissued a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. Finally, Wedbush reissued a “neutral” rating and issued a $140.00 price objective on shares of International Business Machines in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $171.92.

View Our Latest Analysis on IBM

About International Business Machines

(Free Report)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

Further Reading

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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