BSW Wealth Partners Has $743,000 Holdings in International Business Machines Co. (NYSE:IBM)

BSW Wealth Partners trimmed its holdings in International Business Machines Co. (NYSE:IBM) by 48.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,359 shares of the technology company’s stock after selling 3,183 shares during the period. BSW Wealth Partners’ holdings in International Business Machines were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines in the 1st quarter valued at approximately $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the first quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines in the second quarter valued at approximately $36,000. Wolff Wiese Magana LLC increased its position in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after acquiring an additional 60 shares in the last quarter. Finally, Briaud Financial Planning Inc raised its holdings in shares of International Business Machines by 54.3% during the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Bernstein Bank upped their price objective on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. BMO Capital Markets lifted their target price on 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. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Finally, Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $1.53 during trading on Friday, hitting $208.25. 3,334,308 shares of the stock were exchanged, compared to its average volume of 4,747,218. International Business Machines Co. has a 1-year low of $144.84 and a 1-year high of $237.37. The stock has a market capitalization of $192.56 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 4.64 and a beta of 0.71. The company has a fifty day moving average price of $216.84 and a 200-day moving average price of $191.29. 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 quarterly earnings results 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 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts predict that International Business Machines Co. will post 10.11 EPS for the current fiscal 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 dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.

About International Business Machines

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.