JFS Wealth Advisors LLC reduced its position in International Business Machines Co. (NYSE:IBM – Free Report) by 9.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,842 shares of the technology company’s stock after selling 977 shares during the period. JFS Wealth Advisors LLC’s holdings in International Business Machines were worth $2,176,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kovack Advisors Inc. grew its stake in shares of International Business Machines by 31.7% during the first quarter. Kovack Advisors Inc. now owns 8,652 shares of the technology company’s stock worth $1,652,000 after acquiring an additional 2,084 shares during the last quarter. Everett Harris & Co. CA increased its stake in International Business Machines by 4.7% during the 1st quarter. Everett Harris & Co. CA now owns 3,882 shares of the technology company’s stock valued at $741,000 after purchasing an additional 175 shares in the last quarter. Norden Group LLC raised its holdings in shares of International Business Machines by 16.3% in the first quarter. Norden Group LLC now owns 5,880 shares of the technology company’s stock worth $1,123,000 after buying an additional 824 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of International Business Machines during the first quarter worth $234,000. Finally, Private Advisor Group LLC grew its holdings in shares of International Business Machines by 5.6% during the first quarter. Private Advisor Group LLC now owns 164,921 shares of the technology company’s stock valued at $31,493,000 after buying an additional 8,705 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.
International Business Machines Stock Performance
IBM opened at $205.04 on Thursday. The company has a market cap of $188.35 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 4.84 and a beta of 0.70. The firm’s fifty day simple moving average is $216.38 and its two-hundred day simple moving average is $190.95. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 52-week low of $142.59 and a 52-week high of $237.37.
International Business Machines Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.26%. International Business Machines’s payout ratio is 75.65%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Stifel Nicolaus lifted their price target on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America upped their target price on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their price target on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Finally, Evercore ISI boosted their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $208.12.
Check Out Our Latest Research Report on International Business Machines
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.
Read More
- Five stocks we like better than International Business Machines
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Viking Therapeutics Stock: A Pre-Election Bet Worth Considering
- How to Calculate Return on Investment (ROI)
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Why is the Ex-Dividend Date Significant to Investors?
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.