International Business Machines Co. (NYSE:IBM) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC grew its position in International Business Machines Co. (NYSE:IBM) by 4.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 172,104 shares of the technology company’s stock after acquiring an additional 7,183 shares during the period. Private Advisor Group LLC’s holdings in International Business Machines were worth $29,713,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Mosley Wealth Management purchased a new position in International Business Machines in the 4th quarter valued at $312,000. Hodges Capital Management Inc. lifted its stake in shares of International Business Machines by 60.8% in the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after buying an additional 7,768 shares in the last quarter. Burns J W & Co. Inc. NY boosted its position in International Business Machines by 10.8% during the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock worth $491,000 after acquiring an additional 250 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in International Business Machines during the 4th quarter valued at about $3,017,000. Finally, Dimensional Fund Advisors LP raised its holdings in International Business Machines by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock valued at $736,015,000 after acquiring an additional 97,482 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $200.87 on Friday. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company has a 50 day moving average price of $189.52 and a 200 day moving average price of $182.51. The stock has a market capitalization of $184.52 billion, a P/E ratio of 22.75, a PEG ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $15.62 billion. During the same period in the previous year, the firm posted $2.18 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on 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. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday. Jefferies Financial Group lifted their price target on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $185.93.

About International Business Machines

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.