Brian Low Financial Group LLC Increases Stake in International Business Machines Corporation $IBM

Brian Low Financial Group LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 62.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,900 shares of the technology company’s stock after acquiring an additional 3,030 shares during the quarter. International Business Machines comprises approximately 1.7% of Brian Low Financial Group LLC’s portfolio, making the stock its 12th biggest position. Brian Low Financial Group LLC’s holdings in International Business Machines were worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Vise Technologies Inc. purchased a new stake in shares of International Business Machines in the 2nd quarter valued at $16,565,000. Vanguard Group Inc. grew its position in shares of International Business Machines by 2.1% during the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after buying an additional 1,913,708 shares in the last quarter. Thames Capital Management LLC purchased a new position in shares of International Business Machines in the 2nd quarter valued at $2,710,000. CWM LLC raised its holdings in shares of International Business Machines by 3.0% in the second quarter. CWM LLC now owns 122,623 shares of the technology company’s stock valued at $36,147,000 after buying an additional 3,537 shares during the last quarter. Finally, Quent Capital LLC boosted its holdings in International Business Machines by 34.5% in the 2nd quarter. Quent Capital LLC now owns 5,526 shares of the technology company’s stock valued at $1,629,000 after purchasing an additional 1,417 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. Wall Street Zen downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Stifel Nicolaus increased their target price on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Bank of America increased their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $293.38.

International Business Machines Trading Up 0.2%

NYSE IBM opened at $305.22 on Friday. The company has a market cap of $285.30 billion, a price-to-earnings ratio of 36.51, a P/E/G ratio of 3.03 and a beta of 0.69. 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 52 week low of $214.50 and a 52 week high of $324.90. The business has a 50 day moving average price of $303.62 and a 200-day moving average price of $280.83.

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

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.