International Business Machines Co. (NYSE:IBM) Stake Boosted by Toth Financial Advisory Corp

Toth Financial Advisory Corp grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 24.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,017 shares of the technology company’s stock after purchasing an additional 3,886 shares during the quarter. Toth Financial Advisory Corp’s holdings in International Business Machines were worth $2,435,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its holdings in International Business Machines by 908.5% in the 1st quarter. Loomis Sayles & Co. L P now owns 13,504 shares of the technology company’s stock worth $1,498,000 after buying an additional 12,165 shares in the last quarter. Peninsula Asset Management Inc. grew its holdings in International Business Machines by 14.0% in the 1st quarter. Peninsula Asset Management Inc. now owns 13,753 shares of the technology company’s stock worth $1,526,000 after buying an additional 1,693 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in International Business Machines by 0.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 117,723 shares of the technology company’s stock worth $14,217,000 after buying an additional 330 shares in the last quarter. Hilton Capital Management LLC bought a new position in International Business Machines in the 2nd quarter worth approximately $218,000. Finally, Motco grew its holdings in International Business Machines by 36.4% in the 2nd quarter. Motco now owns 2,063 shares of the technology company’s stock worth $250,000 after buying an additional 550 shares in the last quarter. 56.11% of the stock is owned by institutional investors.

In other news, SVP Diane J. Gherson sold 1,215 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $127.00, for a total value of $154,305.00. Following the completion of the sale, the senior vice president now owns 30,597 shares in the company, valued at $3,885,819. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Diane J. Gherson sold 1,176 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $126.73, for a total value of $149,034.48. Following the completion of the sale, the senior vice president now owns 31,767 shares of the company’s stock, valued at approximately $4,025,831.91. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Shares of NYSE:IBM traded up $1.04 on Friday, reaching $125.93. 4,714,320 shares of the company traded hands, compared to its average volume of 5,524,485. The company’s 50 day moving average is $122.93 and its 200-day moving average is $122.15. The stock has a market capitalization of $112.15 billion, a PE ratio of 14.29, a P/E/G ratio of 3.51 and a beta of 1.16. International Business Machines Co. has a fifty-two week low of $90.56 and a fifty-two week high of $158.75. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.04 and a quick ratio of 0.99.

International Business Machines (NYSE:IBM) last released its earnings results on Monday, July 20th. The technology company reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.04. The company had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.72 billion. International Business Machines had a return on equity of 51.06% and a net margin of 10.44%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.17 earnings per share. As a group, analysts expect that International Business Machines Co. will post 11.06 EPS for the current year.

A number of equities research analysts have weighed in on IBM shares. Wedbush restated a “neutral” rating on shares of International Business Machines in a research report on Thursday, July 16th. Bank of America restated a “buy” rating and issued a $145.00 target price on shares of International Business Machines in a research report on Monday, July 20th. Morgan Stanley upped their target price on International Business Machines from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, October 9th. Wells Fargo & Company upped their target price on International Business Machines from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Finally, Argus upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. International Business Machines currently has an average rating of “Hold” and an average price target of $139.88.

About International Business Machines

International Business Machines Corporation operates as an integrated solutions and services company worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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