Lwmg LLC Takes $205,000 Position in International Business Machines Co. (NYSE:IBM)

Lwmg LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 927 shares of the technology company’s stock, valued at approximately $205,000.

Other hedge funds have also added to or reduced their stakes in the company. Triton Wealth Management PLLC bought a new stake in International Business Machines during the 3rd quarter worth about $228,000. MRA Advisory Group raised its holdings in International Business Machines by 28.0% during the third quarter. MRA Advisory Group now owns 2,213 shares of the technology company’s stock worth $489,000 after acquiring an additional 484 shares in the last quarter. Duncan Williams Asset Management LLC acquired a new position in International Business Machines during the third quarter valued at approximately $234,000. CJM Wealth Advisers Ltd. boosted its position in International Business Machines by 6.1% during the third quarter. CJM Wealth Advisers Ltd. now owns 4,423 shares of the technology company’s stock valued at $978,000 after purchasing an additional 256 shares during the last quarter. Finally, Apella Capital LLC increased its position in shares of International Business Machines by 16.1% during the 3rd quarter. Apella Capital LLC now owns 4,799 shares of the technology company’s stock worth $1,054,000 after purchasing an additional 667 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM traded up $3.28 during midday trading on Friday, reaching $226.00. The company’s stock had a trading volume of 3,554,328 shares, compared to its average volume of 4,222,131. The company has a market cap of $207.60 billion, a P/E ratio of 25.59, a P/E/G ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $226.08. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The business’s 50 day moving average price is $203.61 and its two-hundred day moving average price is $186.27.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s payout ratio is presently 75.65%.

Analyst Ratings Changes

Several research firms have recently commented on IBM. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Wednesday. BMO Capital Markets lifted their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Bernstein Bank upped 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 report on Thursday. UBS Group boosted their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Finally, Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $194.35.

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.