International Business Machines Corporation (IBM) Position Increased by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 28.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,123 shares of the technology company’s stock after buying an additional 2,917 shares during the period. International Business Machines accounts for approximately 0.8% of Moloney Securities Asset Management LLC’s holdings, making the stock its 29th biggest position. Moloney Securities Asset Management LLC’s holdings in International Business Machines were worth $1,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CKW Financial Group boosted its holdings in shares of International Business Machines by 0.3% during the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after buying an additional 3 shares during the period. Milestone Group Inc. boosted its holdings in shares of International Business Machines by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after buying an additional 8 shares during the period. Hugh Johnson Advisors LLC boosted its holdings in shares of International Business Machines by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after buying an additional 12 shares during the period. BSW Wealth Partners boosted its holdings in shares of International Business Machines by 0.4% during the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock worth $695,000 after buying an additional 14 shares during the period. Finally, Anchor Capital Advisors LLC boosted its holdings in shares of International Business Machines by 0.9% during the 2nd quarter. Anchor Capital Advisors LLC now owns 1,555 shares of the technology company’s stock worth $239,000 after buying an additional 14 shares during the period. 57.26% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on IBM. Berenberg Bank set a $125.00 price target on shares of International Business Machines and gave the company a “sell” rating in a report on Wednesday, October 18th. Vetr downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price target for the company. in a report on Thursday, October 19th. Tigress Financial reissued a “buy” rating on shares of International Business Machines in a report on Friday, December 1st. Pivotal Research began coverage on shares of International Business Machines in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 price target for the company. Finally, KeyCorp reissued a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. International Business Machines currently has a consensus rating of “Hold” and an average price target of $159.24.

International Business Machines Corporation (IBM) opened at $152.50 on Monday. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The stock has a market cap of $141,183.13, a price-to-earnings ratio of 11.16, a PEG ratio of 2.23 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter in the prior year, the company posted $3.29 EPS. The business’s revenue was down .4% on a year-over-year basis. sell-side analysts forecast that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is currently 50.13%.

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International Business Machines Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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