Adviser Investments LLC Purchases 396 Shares of International Business Machines Co. (NYSE:IBM)

Adviser Investments LLC raised its holdings in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,821 shares of the technology company’s stock after purchasing an additional 396 shares during the quarter. Adviser Investments LLC’s holdings in International Business Machines were worth $822,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in International Business Machines by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 77,002,099 shares of the technology company’s stock valued at $10,011,813,000 after acquiring an additional 1,448,444 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of International Business Machines by 1.7% in the first quarter. BlackRock Inc. now owns 66,591,742 shares of the technology company’s stock valued at $8,658,261,000 after purchasing an additional 1,139,368 shares in the last quarter. State Street Corp boosted its position in shares of International Business Machines by 1.3% during the first quarter. State Street Corp now owns 53,755,675 shares of the technology company’s stock valued at $6,989,313,000 after buying an additional 706,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after buying an additional 1,105,170 shares in the last quarter. Finally, Norges Bank purchased a new stake in International Business Machines in the 4th quarter valued at $1,025,028,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David N. Farr acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average price of $125.00 per share, with a total value of $125,000.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $125,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is owned by company insiders.

Analyst Ratings Changes

IBM has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on shares of International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Credit Suisse Group boosted their target price on International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. BMO Capital Markets decreased their price target on International Business Machines from $152.00 to $148.00 in a research report on Tuesday, July 19th. Finally, Societe Generale cut their price objective on International Business Machines to $129.00 in a research report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.18.

International Business Machines Stock Up 0.3 %

Shares of NYSE IBM opened at $125.31 on Friday. The business’s fifty day moving average price is $130.85 and its 200-day moving average price is $132.93. International Business Machines Co. has a one year low of $114.56 and a one year high of $146.00. The stock has a market capitalization of $113.18 billion, a PE ratio of 20.34, a P/E/G ratio of 1.91 and a beta of 0.84. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.82.

International Business Machines (NYSE:IBMGet Rating) last issued its earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.02. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. The firm had revenue of $15.54 billion during the quarter, compared to analyst estimates of $15.18 billion. During the same quarter last year, the business earned $2.33 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that International Business Machines Co. will post 9.39 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th were given a dividend of $1.65 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $6.60 annualized dividend and a dividend yield of 5.27%. International Business Machines’s dividend payout ratio is currently 107.14%.

International Business Machines Profile

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International Business Machines Corporation 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, such as Red Hat, an enterprise open-source 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

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

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