BLB&B Advisors LLC Purchases 222 Shares of International Business Machines Co. (NYSE:IBM)

BLB&B Advisors LLC raised its position in shares of International Business Machines Co. (NYSE:IBM) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,929 shares of the technology company’s stock after buying an additional 222 shares during the period. BLB&B Advisors LLC’s holdings in International Business Machines were worth $5,290,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in International Business Machines during the 1st quarter valued at about $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Business Machines during the second quarter valued at approximately $36,000. Wolff Wiese Magana LLC lifted its stake in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after acquiring an additional 60 shares during the period. Finally, Briaud Financial Planning Inc boosted its holdings in International Business Machines by 54.3% in the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock valued at $49,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $232.25 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company has a 50 day moving average price of $213.86 and a 200-day moving average price of $189.75. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $237.37. The firm has a market capitalization of $213.35 billion, a PE ratio of 26.30, a P/E/G ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 EPS. As a group, equities research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

Wall Street Analyst Weigh In

Several brokerages have commented on IBM. Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Bank of America upped their target price on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Jefferies Financial Group raised their target price on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday. Finally, BMO Capital Markets upped their price target 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. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $205.71.

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.