Vanguard Capital Wealth Advisors Decreases Position in International Business Machines Co. (NYSE:IBM)

Vanguard Capital Wealth Advisors cut its stake in International Business Machines Co. (NYSE:IBM) by 51.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 910 shares of the technology company’s stock after selling 978 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in International Business Machines were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in International Business Machines in the 1st quarter worth approximately $26,000. ESL Trust Services LLC purchased a new position in International Business Machines in the 1st quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines in the 2nd quarter worth approximately $36,000. Wolff Wiese Magana LLC lifted its stake 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 purchasing an additional 60 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in shares of International Business Machines by 47.2% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $53,000 after buying an additional 77 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 1.2 %

Shares of IBM stock opened at $210.43 on Wednesday. The business’s fifty day moving average price is $216.23 and its 200 day moving average price is $190.85. International Business Machines Co. has a 1-year low of $142.58 and a 1-year high of $237.37. The firm has a market capitalization of $193.30 billion, a PE ratio of 23.83, a P/E/G ratio of 4.84 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the prior year, the company posted $2.20 earnings per share. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. DZ Bank downgraded shares of 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. Jefferies Financial Group lifted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, Morgan Stanley dropped their target price on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $208.12.

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.