Advisors Management Group Inc. ADV Acquires 348 Shares of International Business Machines Co. (NYSE:IBM)

Advisors Management Group Inc. ADV grew its position in International Business Machines Co. (NYSE:IBM) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,695 shares of the technology company’s stock after buying an additional 348 shares during the period. International Business Machines makes up 2.1% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 13th largest position. Advisors Management Group Inc. ADV’s holdings in International Business Machines were worth $8,997,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IBM. Hazlett Burt & Watson Inc. lifted its stake in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares in the last quarter. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines during the first quarter worth $26,000. ESL Trust Services LLC bought a new stake in International Business Machines in the 1st quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines in the 2nd quarter worth $36,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after purchasing an additional 60 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IBM shares. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Bernstein Bank raised their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley decreased their price objective on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $208.12.

International Business Machines Price Performance

International Business Machines stock opened at $213.58 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market capitalization of $197.49 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 4.64 and a beta of 0.71. International Business Machines Co. has a 52 week low of $145.28 and a 52 week high of $237.37. The stock has a fifty day moving average of $217.49 and a 200-day moving average of $191.86.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 EPS. On average, sell-side analysts expect that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

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.