Armstrong Advisory Group Inc. Increases Stake in International Business Machines Co. (NYSE:IBM)

Armstrong Advisory Group Inc. lifted its position in International Business Machines Co. (NYSE:IBM) by 20.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,997 shares of the technology company’s stock after purchasing an additional 502 shares during the period. Armstrong Advisory Group Inc.’s holdings in International Business Machines were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of International Business Machines by 13.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock worth $13,350,000 after purchasing an additional 9,155 shares during the last quarter. One Capital Management LLC lifted its holdings in International Business Machines by 44.7% in the 2nd quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock worth $502,000 after buying an additional 898 shares during the period. Financial & Tax Architects LLC increased its stake in shares of International Business Machines by 7.4% during the second quarter. Financial & Tax Architects LLC now owns 36,823 shares of the technology company’s stock valued at $6,369,000 after buying an additional 2,522 shares during the period. Bradley Foster & Sargent Inc. CT lifted its stake in International Business Machines by 3.2% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 88,495 shares of the technology company’s stock worth $15,305,000 after acquiring an additional 2,715 shares during the period. Finally, Wealth Alliance boosted its holdings in International Business Machines by 4.3% in the second quarter. Wealth Alliance now owns 5,945 shares of the technology company’s stock valued at $1,028,000 after acquiring an additional 245 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on IBM shares. Sanford C. Bernstein upped their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Stifel Nicolaus raised their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group increased their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Two investment 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $215.81.

International Business Machines Stock Up 1.1 %

Shares of International Business Machines stock opened at $220.07 on Thursday. The company has a 50-day simple moving average of $222.34 and a two-hundred day simple moving average of $210.16. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. 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 stock has a market capitalization of $203.49 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74.

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 net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period in the previous year, the business earned $2.20 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.04%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insiders Place Their Bets

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by insiders.

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.