Focused Wealth Management Inc Has $2.50 Million Stake in International Business Machines Co. (NYSE:IBM)

Focused Wealth Management Inc increased its stake in International Business Machines Co. (NYSE:IBM) by 52.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,327 shares of the technology company’s stock after purchasing an additional 3,887 shares during the period. Focused Wealth Management Inc’s holdings in International Business Machines were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in International Business Machines during the first quarter worth $226,000. Howland Capital Management LLC grew its holdings in shares of International Business Machines by 1.0% in the 1st quarter. Howland Capital Management LLC now owns 8,319 shares of the technology company’s stock valued at $1,589,000 after acquiring an additional 84 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of International Business Machines by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 189,142 shares of the technology company’s stock valued at $36,119,000 after acquiring an additional 611 shares in the last quarter. Hemenway Trust Co LLC increased its position in shares of International Business Machines by 13.3% in the first quarter. Hemenway Trust Co LLC now owns 3,546 shares of the technology company’s stock valued at $677,000 after acquiring an additional 415 shares during the last quarter. Finally, Broderick Brian C raised its holdings in International Business Machines by 120.3% during the first quarter. Broderick Brian C now owns 4,762 shares of the technology company’s stock worth $909,000 after acquiring an additional 2,600 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM opened at $207.57 on Wednesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The company has a market capitalization of $191.93 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 4.68 and a beta of 0.71. The business has a fifty day simple moving average of $217.19 and a 200 day simple moving average of $191.71. International Business Machines Co. has a 1 year low of $145.28 and a 1 year high of $237.37.

International Business Machines (NYSE:IBM) last released its quarterly 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. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the prior year, the company posted $2.20 earnings per share. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. Research analysts expect that International Business Machines Co. will post 10.11 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.22%. International Business Machines’s dividend payout ratio is presently 97.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IBM shares. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. 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 increased their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines 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.