International Business Machines Co. (NYSE:IBM) Stock Position Lifted by Baugh & Associates LLC

Baugh & Associates LLC lifted its holdings in International Business Machines Co. (NYSE:IBM) by 25.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,527 shares of the technology company’s stock after purchasing an additional 308 shares during the quarter. Baugh & Associates LLC’s holdings in International Business Machines were worth $338,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Advisors Management Group Inc. ADV grew its stake in shares of International Business Machines by 0.9% in the third quarter. Advisors Management Group Inc. ADV now owns 40,695 shares of the technology company’s stock worth $8,997,000 after purchasing an additional 348 shares in the last quarter. Advisor Resource Council bought a new position in shares of International Business Machines in the third quarter worth $836,000. Blake Schutter Theil Wealth Advisors LLC bought a new position in International Business Machines during the third quarter valued at about $268,000. Forte Capital LLC ADV boosted its stake in International Business Machines by 4.9% during the third quarter. Forte Capital LLC ADV now owns 8,544 shares of the technology company’s stock valued at $1,889,000 after buying an additional 397 shares in the last quarter. Finally, Gordian Advisors LLC bought a new position in International Business Machines during the third quarter valued at about $230,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 2.9 %

IBM opened at $213.58 on Thursday. International Business Machines Co. has a fifty-two week low of $145.28 and a fifty-two week high of $237.37. The business has a 50-day moving average of $217.49 and a 200-day moving average of $191.86. 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 $197.49 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 4.64 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $2.20 EPS. Equities research analysts forecast that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed 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. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research report on Wednesday, October 2nd. UBS Group increased their price target 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. Bernstein Bank increased their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Finally, Stifel Nicolaus increased their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three equities 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. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $208.12.

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.