Beverly Hills Private Wealth LLC Has $902,000 Holdings in International Business Machines Co. (NYSE:IBM)

Beverly Hills Private Wealth LLC decreased its holdings in International Business Machines Co. (NYSE:IBM) by 5.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,216 shares of the technology company’s stock after selling 290 shares during the period. Beverly Hills Private Wealth LLC’s holdings in International Business Machines were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IBM. FPC Investment Advisory Inc. acquired a new stake in International Business Machines during the first quarter worth about $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines during the 1st quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM opened at $211.61 on Friday. The business has a 50-day moving average of $192.05 and a 200-day moving average of $183.18. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company has a market capitalization of $194.39 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 4.47 and a beta of 0.70. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $212.65.

International Business Machines (NYSE:IBM) last released its quarterly earnings results 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 net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the business earned $2.18 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.16%. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on 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. Jefferies Financial Group raised their price objective on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. The Goldman Sachs Group started coverage on shares of International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price for the company. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $188.60.

International Business Machines 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.