2,275 Shares in International Business Machines Corporation $IBM Bought by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,275 shares of the technology company’s stock, valued at approximately $642,000.

A number of other large investors have also added to or reduced their stakes in IBM. Family CFO Inc purchased a new position in shares of International Business Machines in the 2nd quarter worth approximately $25,000. Winnow Wealth LLC acquired a new stake in International Business Machines in the second quarter valued at approximately $27,000. Silicon Valley Capital Partners grew its holdings in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Highline Wealth Partners LLC increased its position in shares of International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares in the last quarter. Finally, Copia Wealth Management lifted its holdings in shares of International Business Machines by 57.6% during the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after purchasing an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $305.22 on Friday. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The company has a market cap of $285.30 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 3.03 and a beta of 0.69. The company’s 50 day moving average is $303.62 and its 200 day moving average is $280.83.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.30 EPS. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. UBS Group restated a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. Jefferies Financial Group raised their price target on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Oppenheimer initiated coverage on shares of International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.38.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.