International Business Machines Corporation $IBM Stock Holdings Increased by Fiduciary Alliance LLC

Fiduciary Alliance LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 41.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,980 shares of the technology company’s stock after purchasing an additional 7,553 shares during the quarter. Fiduciary Alliance LLC’s holdings in International Business Machines were worth $7,331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lifestyle Asset Management Inc. grew its position in International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after buying an additional 36 shares in the last quarter. Whelan Financial lifted its stake in shares of International Business Machines by 2.4% in the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after acquiring an additional 36 shares during the period. Ignite Planners LLC boosted its holdings in shares of International Business Machines by 0.9% in the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after acquiring an additional 36 shares in the last quarter. Johnson Bixby & Associates LLC increased its stake in shares of International Business Machines by 3.3% during the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after acquiring an additional 39 shares during the period. Finally, Vestia Personal Wealth Advisors raised its holdings in International Business Machines by 3.1% during the second quarter. Vestia Personal Wealth Advisors now owns 1,345 shares of the technology company’s stock worth $396,000 after purchasing an additional 40 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 0.0%

Shares of NYSE IBM opened at $303.32 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The company has a market cap of $283.52 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 3.02 and a beta of 0.69. The business has a fifty day simple moving average of $300.33 and a 200-day simple moving average of $279.16.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the previous year, the company earned $2.30 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Oppenheimer assumed coverage on International Business Machines in a research note on Friday, November 21st. They set an “outperform” rating and a $360.00 price target for the company. Jefferies Financial Group raised their target price on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada lowered their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Finally, UBS Group restated a “sell” rating on shares of International Business Machines in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $293.38.

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.