Regent Peak Wealth Advisors LLC Invests $668,000 in International Business Machines Corporation $IBM

Regent Peak Wealth Advisors LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,366 shares of the technology company’s stock, valued at approximately $668,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares during the last quarter. FORA Capital LLC purchased a new stake in International Business Machines in the 1st quarter worth $517,000. Ieq Capital LLC raised its stake in International Business Machines by 121.1% during the 1st quarter. Ieq Capital LLC now owns 37,774 shares of the technology company’s stock valued at $9,393,000 after purchasing an additional 20,686 shares during the period. Oarsman Capital Inc. lifted its holdings in shares of International Business Machines by 32.4% in the first quarter. Oarsman Capital Inc. now owns 13,842 shares of the technology company’s stock worth $3,442,000 after buying an additional 3,387 shares in the last quarter. Finally, Northstar Financial Companies Inc. grew its position in shares of International Business Machines by 2.2% during the first quarter. Northstar Financial Companies Inc. now owns 4,774 shares of the technology company’s stock valued at $1,187,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.2%

NYSE:IBM opened at $304.40 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock’s 50 day moving average price is $303.14 and its 200 day moving average price is $280.60. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90. The company has a market capitalization of $284.53 billion, a PE ratio of 36.41, a P/E/G ratio of 3.03 and a beta of 0.69.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same period in the previous year, the business posted $2.30 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBM. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Friday, December 5th. Royal Bank Of Canada reduced their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Morgan Stanley cut their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Oppenheimer assumed coverage on International Business Machines in a report on Friday, November 21st. They issued an “outperform” rating and a $360.00 price target for the company. Finally, Jefferies Financial Group lifted their price objective on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $293.38.

About International Business Machines

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.