Wilmington Savings Fund Society FSB Buys 8,179 Shares of International Business Machines Corporation $IBM

Wilmington Savings Fund Society FSB grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 10.3% during the third quarter, Holdings Channel.com reports. The fund owned 87,675 shares of the technology company’s stock after purchasing an additional 8,179 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in International Business Machines were worth $24,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Family CFO Inc purchased a new stake in International Business Machines in the 2nd quarter valued at about $25,000. Winnow Wealth LLC purchased a new position in shares of International Business Machines in the 2nd quarter worth approximately $27,000. Mountain Hill Investment Partners Corp. bought a new position in shares of International Business Machines in the third quarter valued at approximately $28,000. 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 valued at $33,000 after acquiring an additional 51 shares during the last quarter. Finally, Copia Wealth Management lifted its holdings in International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $297.88 on Friday. The firm has a market capitalization of $278.44 billion, a PE ratio of 35.63, a P/E/G ratio of 2.99 and a beta of 0.70. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The company has a 50-day moving average price of $303.48 and a two-hundred day moving average price of $282.42. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90.

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $1.68 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s payout ratio is 80.38%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. UBS Group restated a “sell” rating on shares of International Business Machines in a research report on Tuesday, December 9th. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Morgan Stanley dropped their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Finally, Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $303.38.

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.