Teachers Insurance & Annuity Association of America Acquires Shares of 838 International Business Machines Co. (NYSE:IBM)

Teachers Insurance & Annuity Association of America bought a new position in International Business Machines Co. (NYSE:IBM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 838 shares of the technology company’s stock, valued at approximately $185,000.

Other institutional investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. grew its holdings in shares of International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC acquired a new stake in International Business Machines in the third quarter worth $29,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines during the second quarter valued at $36,000. Wolff Wiese Magana LLC boosted its holdings in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after acquiring an additional 60 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of International Business Machines during the third quarter worth about $43,000. 58.96% of the stock is currently owned by institutional investors.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by company insiders.

International Business Machines Stock Down 0.8 %

Shares of NYSE IBM traded down $1.91 during mid-day trading on Thursday, reaching $226.92. The company had a trading volume of 2,995,121 shares, compared to its average volume of 4,246,416. The stock has a market capitalization of $209.82 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 5.08 and a beta of 0.71. International Business Machines Co. has a twelve month low of $154.86 and a twelve month high of $237.37. 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’s 50 day moving average is $220.17 and its 200-day moving average is $196.64.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period in the previous year, the company earned $2.20 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group raised their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Jefferies Financial Group upped their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Evercore ISI increased their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Profile

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.