International Business Machines Co. (NYSE:IBM) Stock Holdings Lifted by Diversified LLC

Diversified LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 37.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,767 shares of the technology company’s stock after acquiring an additional 1,586 shares during the period. Diversified LLC’s holdings in International Business Machines were worth $1,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC grew its position in International Business Machines by 12.9% during the third quarter. Truvestments Capital LLC now owns 2,577 shares of the technology company’s stock valued at $570,000 after purchasing an additional 294 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in International Business Machines by 4.8% during the third quarter. Brown Brothers Harriman & Co. now owns 45,488 shares of the technology company’s stock valued at $10,056,000 after purchasing an additional 2,094 shares in the last quarter. Davis R M Inc. grew its position in International Business Machines by 2.3% during the third quarter. Davis R M Inc. now owns 8,351 shares of the technology company’s stock valued at $1,846,000 after purchasing an additional 186 shares in the last quarter. Daiwa Securities Group Inc. grew its position in International Business Machines by 7.6% during the third quarter. Daiwa Securities Group Inc. now owns 194,690 shares of the technology company’s stock valued at $43,042,000 after purchasing an additional 13,792 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its position in International Business Machines by 15.9% during the third quarter. Summit Trail Advisors LLC now owns 9,181 shares of the technology company’s stock valued at $2,030,000 after purchasing an additional 1,257 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.8 %

Shares of IBM stock opened at $224.70 on Monday. International Business Machines Co. has a 1 year low of $154.75 and a 1 year high of $237.37. The firm’s fifty day simple moving average is $219.45 and its 200 day simple moving average is $195.57. The firm has a market capitalization of $207.77 billion, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 5.01 and a beta of 0.71. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the firm posted $2.20 earnings per share. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.97%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective 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. Morgan Stanley reduced 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 research note on Thursday, October 24th. Bernstein Bank lifted 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. 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 research note on Wednesday, October 16th. Finally, Bank of America lifted their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $208.12.

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.