Waverton Investment Management Ltd Purchases 32,072 Shares of International Business Machines Corporation $IBM

Waverton Investment Management Ltd increased its holdings in International Business Machines Corporation (NYSE:IBM) by 3.3% in the third quarter, Holdings Channel reports. The fund owned 993,743 shares of the technology company’s stock after purchasing an additional 32,072 shares during the quarter. International Business Machines accounts for approximately 3.6% of Waverton Investment Management Ltd’s portfolio, making the stock its 12th largest position. Waverton Investment Management Ltd’s holdings in International Business Machines were worth $280,439,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. CFS Investment Advisory Services LLC increased its holdings in shares of International Business Machines by 0.4% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock valued at $2,878,000 after acquiring an additional 34 shares during the period. KPP Advisory Services LLC boosted its position in shares of International Business Machines by 1.7% in the 3rd quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock worth $584,000 after purchasing an additional 34 shares in the last quarter. Marco Investment Management LLC raised its stake in International Business Machines by 0.3% in the third quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock valued at $3,040,000 after buying an additional 34 shares during the last quarter. MA Private Wealth increased its holdings in shares of International Business Machines by 1.5% during the third quarter. MA Private Wealth now owns 2,242 shares of the technology company’s stock valued at $633,000 after acquiring an additional 34 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in International Business Machines by 0.8% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 4,300 shares of the technology company’s stock worth $1,213,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.9%

International Business Machines stock opened at $239.78 on Monday. The stock’s fifty day moving average is $287.17 and its two-hundred day moving average is $284.24. The stock has a market cap of $224.92 billion, a PE ratio of 21.51, a P/E/G ratio of 2.41 and a beta of 0.73. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.19. The firm had revenue of $19.69 billion during the quarter, compared to analysts’ expectations of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.92 earnings per share. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be given a dividend of $1.68 per share. The ex-dividend date is Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines’s dividend payout ratio (DPR) is 60.27%.

Insider Buying and Selling at International Business Machines

In related news, Director Michael Miebach purchased 434 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the completion of the acquisition, the director directly owned 434 shares in the company, valued at $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David N. Farr bought 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was purchased at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the acquisition, the director owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This represents a 12.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 1,484 shares of company stock worth $417,157 over the last three months. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IBM. DZ Bank raised International Business Machines to a “hold” rating in a report on Wednesday, February 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of International Business Machines in a research note on Monday, February 23rd. Morgan Stanley decreased their price objective on shares of International Business Machines from $304.00 to $247.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Oppenheimer set a $380.00 price objective on International Business Machines and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, UBS Group raised shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $320.87.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.