Saturna Capital Corp Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Saturna Capital Corp grew its position in International Business Machines Co. (NYSE:IBM) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,123 shares of the technology company’s stock after buying an additional 80 shares during the period. Saturna Capital Corp’s holdings in International Business Machines were worth $469,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Financial Partners Inc grew its stake in shares of International Business Machines by 4.6% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 101,518 shares of the technology company’s stock valued at $22,444,000 after buying an additional 4,437 shares during the period. Hartline Investment Corp grew its stake in shares of International Business Machines by 1.5% in the 3rd quarter. Hartline Investment Corp now owns 56,670 shares of the technology company’s stock valued at $12,529,000 after buying an additional 814 shares during the period. Encompass Wealth Advisors LLC grew its stake in shares of International Business Machines by 5.1% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 3,308 shares of the technology company’s stock valued at $731,000 after buying an additional 162 shares during the period. Souders Financial Advisors grew its stake in shares of International Business Machines by 27.0% in the 3rd quarter. Souders Financial Advisors now owns 5,578 shares of the technology company’s stock valued at $1,233,000 after buying an additional 1,186 shares during the period. Finally, Community Bank & Trust Waco Texas grew its stake in shares of International Business Machines by 6.0% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 35,278 shares of the technology company’s stock valued at $7,799,000 after buying an additional 2,003 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.6 %

Shares of NYSE IBM opened at $209.54 on Wednesday. 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 52 week low of $149.05 and a 52 week high of $237.37. The firm has a 50-day moving average price of $218.44 and a 200 day moving average price of $192.98. The stock has a market capitalization of $193.75 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 4.80 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 earnings per share. Equities research analysts anticipate that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.19%. International Business Machines’s payout ratio is 97.23%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. BMO Capital Markets increased 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 report on Thursday, October 24th. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $208.12.

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.