Northwest Wealth Management LLC Takes $242,000 Position in International Business Machines Co. (NYSE:IBM)

Northwest Wealth Management LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,096 shares of the technology company’s stock, valued at approximately $242,000.

Several other large investors have also recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. lifted its stake in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares during the period. Hara Capital LLC acquired a new position in International Business Machines in the 3rd quarter valued at approximately $29,000. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $28,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of International Business Machines during the third quarter valued at approximately $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bernstein Bank lifted their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets increased their price target 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. UBS Group upped their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a report on Wednesday, October 2nd. Finally, Bank of America boosted their price target on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Up 0.4 %

Shares of IBM stock traded up $0.90 on Monday, hitting $214.62. 434,319 shares of the stock were exchanged, compared to its average volume of 4,227,772. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $198.45 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 4.80 and a beta of 0.71. International Business Machines Co. has a fifty-two week low of $147.35 and a fifty-two week high of $237.37. The business has a 50-day moving average of $218.02 and a 200 day moving average of $192.36.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period last year, the business earned $2.20 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that International Business Machines Co. will post 10.11 EPS for the current year.

International Business Machines Dividend Announcement

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 given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

International Business Machines 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.