Angeles Wealth Management LLC Has $666,000 Position in International Business Machines Co. (NYSE:IBM)

Angeles Wealth Management LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,011 shares of the technology company’s stock after buying an additional 226 shares during the period. Angeles Wealth Management LLC’s holdings in International Business Machines were worth $666,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in International Business Machines during the second quarter worth $7,160,000. Smith Thornton Advisors LLC acquired a new stake in International Business Machines during the second quarter worth $702,000. Retirement Planning Group LLC acquired a new stake in International Business Machines during the third quarter worth $618,000. GAMMA Investing LLC boosted its stake in shares of International Business Machines by 42.4% in the 2nd quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock valued at $1,621,000 after purchasing an additional 2,788 shares in the last quarter. Finally, Anderson Hoagland & Co. acquired a new stake in shares of International Business Machines in the 3rd quarter valued at $4,050,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 0.7 %

NYSE:IBM traded up $1.53 on Friday, hitting $208.25. 3,334,308 shares of the stock were exchanged, compared to its average volume of 4,747,218. The stock has a market capitalization of $192.56 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 4.64 and a beta of 0.71. International Business Machines Co. has a 52 week low of $144.84 and a 52 week high of $237.37. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The company’s 50-day moving average price is $216.84 and its 200 day moving average price is $191.29.

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 the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 EPS. On average, equities research analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.21%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. 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 note on Wednesday, September 11th. Bernstein Bank boosted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group boosted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target 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.