CreativeOne Wealth LLC Purchases 4,532 Shares of International Business Machines Corporation $IBM

CreativeOne Wealth LLC increased its position in International Business Machines Corporation (NYSE:IBMFree Report) by 16.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 31,763 shares of the technology company’s stock after purchasing an additional 4,532 shares during the period. CreativeOne Wealth LLC’s holdings in International Business Machines were worth $8,962,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CFS Investment Advisory Services LLC lifted its position in shares of International Business Machines by 0.4% in the third quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock valued at $2,878,000 after acquiring an additional 34 shares in the last quarter. KPP Advisory Services LLC increased its position in shares of International Business Machines by 1.7% during the third quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock worth $584,000 after purchasing an additional 34 shares in the last quarter. Marco Investment Management LLC raised its stake in International Business Machines by 0.3% in the 3rd quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock valued at $3,040,000 after purchasing an additional 34 shares during the last quarter. MA Private Wealth raised its stake in International Business Machines by 1.5% in the 3rd quarter. MA Private Wealth now owns 2,242 shares of the technology company’s stock valued at $633,000 after purchasing an additional 34 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its holdings in International Business Machines by 0.8% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 4,300 shares of the technology company’s stock valued at $1,213,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.6%

Shares of IBM opened at $258.19 on Friday. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The firm has a market capitalization of $242.19 billion, a P/E ratio of 23.16, a P/E/G ratio of 2.59 and a beta of 0.73. The firm has a 50-day moving average price of $281.73 and a 200 day moving average price of $284.29. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67.

International Business Machines (NYSE:IBMGet Free Report) last posted its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company had revenue of $19.69 billion for the quarter, compared to analyst estimates of $19.23 billion. During the same period in the previous year, the business posted $3.92 EPS. International Business Machines’s revenue was up 12.2% on a year-over-year basis. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be issued a $1.68 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. International Business Machines’s dividend payout ratio is currently 60.27%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research reports. Argus set a $360.00 target price on shares of International Business Machines in a report on Friday, January 30th. Royal Bank Of Canada set a $361.00 price target on shares of International Business Machines in a research note on Thursday, January 29th. Dbs Bank raised shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Morgan Stanley lowered their target price on International Business Machines from $304.00 to $247.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $320.87.

View Our Latest Stock Analysis on IBM

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

Insider Activity at International Business Machines

In other International Business Machines news, Director Michael Miebach purchased 434 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average price of $233.33 per share, with a total value of $101,265.22. Following the purchase, the director directly owned 434 shares in the company, valued at approximately $101,265.22. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David N. Farr purchased 1,000 shares of the stock in a transaction dated Friday, January 30th. The shares were acquired at an average price of $304.00 per share, with a total value of $304,000.00. Following the completion of the acquisition, the director owned 9,258 shares in the company, valued at approximately $2,814,432. This trade represents a 12.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 1,484 shares of company stock valued at $417,157 over the last quarter. 0.18% of the stock is currently owned by company insiders.

International Business Machines Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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