Copperwynd Financial LLC Acquires 494 Shares of International Business Machines Co. (NYSE:IBM)

Copperwynd Financial LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,010 shares of the technology company’s stock after purchasing an additional 494 shares during the quarter. Copperwynd Financial LLC’s holdings in International Business Machines were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. FPC Investment Advisory Inc. purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in International Business Machines in the first quarter worth approximately $28,000. Creekmur Asset Management LLC bought a new stake in International Business Machines in the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in International Business Machines during the 4th quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Business Machines during the 2nd quarter valued at $36,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research analyst reports. Evercore ISI lifted their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Stifel Nicolaus upped their price target on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. The Goldman Sachs Group assumed coverage on shares of International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective on the stock. UBS Group upped their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Finally, StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $188.60.

International Business Machines Price Performance

Shares of IBM stock opened at $220.84 on Friday. The company has a market capitalization of $202.86 billion, a P/E ratio of 25.01, a P/E/G ratio of 4.90 and a beta of 0.70. The company’s 50-day simple moving average is $200.17 and its two-hundred day simple moving average is $185.23. International Business Machines Co. has a one year low of $135.87 and a one year high of $224.15. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.18 EPS. As a group, equities analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.02%. International Business Machines’s dividend payout ratio is currently 75.65%.

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.