International Business Machines Co. (NYSE:IBM) Stake Lifted by Kowal Investment Group LLC

Kowal Investment Group LLC boosted its stake in International Business Machines Co. (NYSE:IBM) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,273 shares of the technology company’s stock after buying an additional 134 shares during the period. Kowal Investment Group LLC’s holdings in International Business Machines were worth $503,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IBM. FPC Investment Advisory Inc. bought a new position in International Business Machines in the 1st quarter worth about $26,000. ESL Trust Services LLC bought a new stake in International Business Machines during the first quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in International Business Machines in the second quarter worth approximately $36,000. Financial Synergies Wealth Advisors Inc. boosted its stake in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in 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 during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on IBM shares. Stifel Nicolaus boosted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group lifted their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Jefferies Financial Group raised their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $200.82.

International Business Machines Stock Up 0.3 %

Shares of International Business Machines stock opened at $233.64 on Thursday. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $237.37. The stock has a market capitalization of $214.62 billion, a P/E ratio of 26.46, a PEG ratio of 5.21 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock has a 50 day moving average price of $210.57 and a two-hundred day moving average price of $188.54.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period last year, the business posted $2.18 EPS. International Business Machines’s revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.86%. International Business Machines’s payout ratio is 75.65%.

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.