International Business Machines Co. (NYSE:IBM) Stock Holdings Increased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.6% during the third quarter, HoldingsChannel.com reports. The firm owned 700,125 shares of the technology company’s stock after acquiring an additional 3,987 shares during the period. Commonwealth Equity Services LLC’s holdings in International Business Machines were worth $154,784,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC acquired a new stake in International Business Machines during the second quarter valued at $7,160,000. Hodges Capital Management Inc. raised its position in International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock valued at $3,921,000 after acquiring an additional 7,768 shares in the last quarter. Burns J W & Co. Inc. NY lifted its stake in International Business Machines by 10.8% in the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock valued at $491,000 after acquiring an additional 250 shares during the last quarter. Smith Thornton Advisors LLC bought a new stake in International Business Machines in the second quarter worth approximately $702,000. Finally, Retirement Planning Group LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at $618,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBM shares. Bernstein Bank upped their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Bank of America increased their price objective on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley upped their target price on International Business Machines from $182.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Thursday. BMO Capital Markets lifted their price target on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group upped their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus target price of $203.06.

International Business Machines Price Performance

Shares of NYSE:IBM traded down $0.68 during midday trading on Friday, reaching $232.20. 4,715,688 shares of the company’s stock were exchanged, compared to its average volume of 4,195,661. The firm has a market capitalization of $213.30 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The company’s 50 day simple moving average is $212.19 and its two-hundred day simple moving average is $189.15. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $237.37. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter last year, the company earned $2.18 EPS. International Business Machines’s revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.88%. International Business Machines’s dividend payout ratio is 75.65%.

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.