RIA Advisory Group LLC Buys New Stake in International Business Machines Co. (NYSE:IBM)

RIA Advisory Group LLC bought a new stake in shares of International Business Machines Co. (NYSE:IBM) in the third quarter, Holdings Channel.com reports. The institutional investor bought 25,504 shares of the technology company’s stock, valued at approximately $5,638,000. International Business Machines comprises about 2.0% of RIA Advisory Group LLC’s investment portfolio, making the stock its 8th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IBM. Natixis Advisors LLC raised its holdings in shares of International Business Machines by 36.3% in the third quarter. Natixis Advisors LLC now owns 467,699 shares of the technology company’s stock worth $103,399,000 after buying an additional 124,677 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of International Business Machines by 1.5% during the third quarter. KCM Investment Advisors LLC now owns 8,727 shares of the technology company’s stock worth $1,929,000 after purchasing an additional 132 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of International Business Machines by 1.8% during the third quarter. Empirical Finance LLC now owns 31,240 shares of the technology company’s stock worth $6,907,000 after purchasing an additional 566 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in shares of International Business Machines by 6.8% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 15,912 shares of the technology company’s stock worth $3,518,000 after purchasing an additional 1,017 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in International Business Machines by 8.3% during the third quarter. CIBC Asset Management Inc now owns 168,271 shares of the technology company’s stock valued at $37,201,000 after buying an additional 12,865 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 1.9 %

Shares of International Business Machines stock traded down $4.00 on Friday, reaching $204.99. The company had a trading volume of 3,986,460 shares, compared to its average volume of 4,237,182. The firm’s 50 day moving average price is $218.79 and its two-hundred day moving average price is $193.48. The firm has a market cap of $189.54 billion, a PE ratio of 29.84, a PEG ratio of 4.74 and a beta of 0.71. International Business Machines Co. has a 52-week low of $152.13 and a 52-week high of $237.37. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. Sell-side analysts predict that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Insider Activity at International Business Machines

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

Wall Street Analyst Weigh In

Several analysts recently commented on IBM shares. Jefferies Financial Group raised their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. UBS Group lifted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Evercore ISI lifted their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $208.12.

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.