International Business Machines Co. (NYSE:IBM) Shares Purchased by Trust Investment Advisors

Trust Investment Advisors grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,147 shares of the technology company’s stock after purchasing an additional 442 shares during the period. International Business Machines accounts for 1.2% of Trust Investment Advisors’ portfolio, making the stock its 19th biggest position. Trust Investment Advisors’ holdings in International Business Machines were worth $1,928,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mosley Wealth Management acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $312,000. Hodges Capital Management Inc. increased its position in International Business Machines by 60.8% in the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after buying an additional 7,768 shares during the period. Burns J W & Co. Inc. NY lifted its stake in International Business Machines by 10.8% in the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock valued at $491,000 after buying an additional 250 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of International Business Machines during the fourth quarter valued at $3,017,000. Finally, Westwood Holdings Group Inc. grew its position in shares of International Business Machines by 19.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 115,321 shares of the technology company’s stock worth $18,861,000 after acquiring an additional 19,175 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 0.5 %

International Business Machines stock opened at $213.89 on Friday. The firm has a market cap of $196.48 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $218.84. The firm’s 50 day moving average price is $195.83 and its two-hundred day moving average price is $184.21. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 earnings per share. On average, research analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is presently 75.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IBM shares. Evercore ISI raised their price target on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Stifel Nicolaus increased their price objective on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group lifted their target price 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. BMO Capital Markets increased 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. Finally, Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average target price 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.