Hoxton Planning & Management LLC Has $1.15 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Hoxton Planning & Management LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,210 shares of the technology company’s stock after buying an additional 273 shares during the period. Hoxton Planning & Management LLC’s holdings in International Business Machines were worth $1,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of International Business Machines in the second quarter valued at approximately $7,160,000. Hodges Capital Management Inc. lifted its position in shares of International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after acquiring an additional 7,768 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in shares of International Business Machines by 10.8% during the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock worth $491,000 after acquiring an additional 250 shares in the last quarter. Smith Thornton Advisors LLC purchased a new stake in shares of International Business Machines during the second quarter worth $702,000. Finally, GAMMA Investing LLC lifted its position in shares of International Business Machines by 42.4% during the second quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock worth $1,621,000 after acquiring an additional 2,788 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $228.62 on Wednesday. The company has a market cap of $210.01 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. The company has a 50-day moving average price of $204.32 and a 200-day moving average price of $186.42. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $229.35.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the company earned $2.18 earnings per share. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IBM. The Goldman Sachs Group increased their price objective on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. UBS Group increased their price objective 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. BMO Capital Markets increased their price objective on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada increased their price objective on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $194.35.

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.