Weil Company Inc. Purchases 80 Shares of International Business Machines Co. (NYSE:IBM)

Weil Company Inc. raised its position in shares of International Business Machines Co. (NYSE:IBM) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,804 shares of the technology company’s stock after purchasing an additional 80 shares during the quarter. Weil Company Inc.’s holdings in International Business Machines were worth $658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBM. FPC Investment Advisory Inc. purchased a new stake in International Business Machines during the first quarter valued at approximately $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines during the 1st quarter valued at $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines in the 4th quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its position in International Business Machines by 164.0% during the first 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. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.8 %

Shares of IBM stock opened at $200.87 on Friday. The stock’s 50-day moving average price is $189.52 and its 200-day moving average price is $182.51. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $205.95. The stock has a market capitalization of $184.52 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 4.50 and a beta of 0.71. 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 (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the firm earned $2.18 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts predict that International Business Machines Co. will post 10.09 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.33%. International Business Machines’s payout ratio is currently 75.65%.

Analyst Ratings Changes

A number of analysts have commented on the company. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Stifel Nicolaus increased their target price on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. BMO Capital Markets raised their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. The Goldman Sachs Group began coverage on shares of International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 price target for the company. Finally, Jefferies Financial Group raised their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $185.93.

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.