International Business Machines Co. (NYSE:IBM) Stock Holdings Lifted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its position in International Business Machines Co. (NYSE:IBM) by 10.1% during the third quarter, HoldingsChannel.com reports. The firm owned 24,991 shares of the technology company’s stock after buying an additional 2,298 shares during the quarter. Kingsview Wealth Management LLC’s holdings in International Business Machines were worth $5,525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services & Investments LLC purchased a new position in International Business Machines in the third quarter valued at about $420,000. Cerity Partners LLC grew its stake in International Business Machines by 0.9% in the third quarter. Cerity Partners LLC now owns 299,691 shares of the technology company’s stock valued at $66,256,000 after purchasing an additional 2,648 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of International Business Machines by 1.2% in the third quarter. Great Valley Advisor Group Inc. now owns 14,649 shares of the technology company’s stock worth $3,239,000 after buying an additional 180 shares during the last quarter. Certified Advisory Corp lifted its position in shares of International Business Machines by 43.8% in the third quarter. Certified Advisory Corp now owns 6,678 shares of the technology company’s stock worth $1,476,000 after buying an additional 2,035 shares during the last quarter. Finally, Waddell & Associates LLC lifted its position in shares of International Business Machines by 7.4% in the third quarter. Waddell & Associates LLC now owns 4,461 shares of the technology company’s stock worth $986,000 after buying an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IBM. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. BMO Capital Markets boosted their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Morgan Stanley reduced their price target on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price target 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Trading Up 0.3 %

International Business Machines stock opened at $222.97 on Friday. The business has a 50 day moving average price of $219.45 and a two-hundred day moving average price of $195.39. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The stock has a market cap of $206.17 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 4.99 and a beta of 0.71. International Business Machines Co. has a 12 month low of $153.92 and a 12 month high of $237.37.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 EPS. As a group, equities analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The company 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 $1.67 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.00%. International Business Machines’s dividend payout ratio (DPR) 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.