International Business Machines Co. (NYSE:IBM) Shares Acquired by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,279 shares of the technology company’s stock after acquiring an additional 1,076 shares during the quarter. International Business Machines makes up approximately 0.9% of Twelve Points Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Twelve Points Wealth Management LLC’s holdings in International Business Machines were worth $2,715,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines in the 1st quarter worth about $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines during the second quarter valued at approximately $36,000. Financial Synergies Wealth Advisors Inc. boosted its position in shares of International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after buying an additional 123 shares during the period. Finally, Wolff Wiese Magana LLC grew its holdings in International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.3 %

Shares of NYSE:IBM opened at $233.64 on Thursday. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $237.37. The firm has a fifty day moving average price of $210.57 and a 200 day moving average price of $188.54. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $214.62 billion, a PE ratio of 26.46, a P/E/G ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.18 earnings per share. Analysts expect that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.86%. International Business Machines’s payout ratio is 75.65%.

Analysts Set New Price Targets

Several brokerages have weighed in on IBM. BMO Capital Markets lifted their target price on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their target price on shares of International Business Machines from $211.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research report on Wednesday, October 2nd. Bank of America boosted their target price on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Evercore ISI raised their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average target price of $200.82.

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.