Advisory Resource Group Takes $205,000 Position in International Business Machines Co. (NYSE:IBM)

Advisory Resource Group bought a new stake in International Business Machines Co. (NYSE:IBM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,533 shares of the technology company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Live Oak Investment Partners bought a new stake in shares of International Business Machines in the fourth quarter valued at approximately $30,000. GW&K Investment Management LLC bought a new stake in shares of International Business Machines in the first quarter valued at approximately $33,000. First Command Advisory Services Inc. bought a new stake in shares of International Business Machines in the first quarter valued at approximately $37,000. Pacific Center for Financial Services bought a new stake in shares of International Business Machines in the first quarter valued at approximately $41,000. Finally, Kepos Capital LP bought a new stake in shares of International Business Machines in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 56.16% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of several recent research reports. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley restated an “equal weight” rating and set a $135.00 target price on shares of International Business Machines in a research note on Thursday, July 20th. BMO Capital Markets upped their target price on International Business Machines from $145.00 to $150.00 and gave the stock a “market perform” rating in a research note on Monday, July 17th. JPMorgan Chase & Co. initiated coverage on International Business Machines in a research note on Friday, July 7th. They set a “neutral” rating and a $145.00 target price for the company. Finally, Wedbush restated a “neutral” rating and set a $140.00 target price on shares of International Business Machines in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.91.

International Business Machines Stock Down 0.6 %

Shares of IBM opened at $145.11 on Tuesday. International Business Machines Co. has a 52 week low of $115.54 and a 52 week high of $153.21. The stock has a market capitalization of $132.20 billion, a price-to-earnings ratio of 67.18, a PEG ratio of 3.71 and a beta of 0.85. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a fifty day moving average of $142.59 and a 200-day moving average of $133.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.18. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. The company had revenue of $15.48 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the prior year, the company earned $2.31 EPS. International Business Machines’s revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Co. will post 9.43 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were issued a $1.66 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $6.64 dividend on an annualized basis and a yield of 4.58%. International Business Machines’s payout ratio is 307.41%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.