Claro Advisors LLC Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

Claro Advisors LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 413.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,067 shares of the technology company’s stock after purchasing an additional 23,405 shares during the quarter. International Business Machines accounts for approximately 0.6% of Claro Advisors LLC’s portfolio, making the stock its 28th largest position. Claro Advisors LLC’s holdings in International Business Machines were worth $6,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of International Business Machines during the first quarter worth about $26,000. ESL Trust Services LLC bought a new stake in International Business Machines in the 1st quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines in the 2nd quarter worth approximately $36,000. Financial Synergies Wealth Advisors Inc. lifted its position in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after buying an additional 123 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its position in International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their target price on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Morgan Stanley boosted 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. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Finally, Evercore ISI boosted their price objective on 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $203.06.

International Business Machines Trading Down 0.7 %

Shares of International Business Machines stock traded down $1.53 during midday trading on Friday, reaching $231.35. 623,239 shares of the company’s stock traded hands, compared to its average volume of 4,175,411. 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 market cap of $212.52 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The stock has a 50 day moving average of $211.38 and a 200-day moving average of $188.85. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $237.37.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.89%. International Business Machines’s payout ratio is 75.65%.

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.