Visionary Wealth Advisors Acquires New Holdings in International Business Machines Corporation $IBM

Visionary Wealth Advisors bought a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,352 shares of the technology company’s stock, valued at approximately $943,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Orca Wealth Management LLC grew its stake in shares of International Business Machines by 3.7% during the 4th quarter. Orca Wealth Management LLC now owns 975 shares of the technology company’s stock valued at $285,000 after buying an additional 35 shares during the period. Friday Financial raised its position in shares of International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company’s stock worth $583,000 after buying an additional 35 shares during the period. First Command Advisory Services Inc. boosted its holdings in International Business Machines by 1.1% in the fourth quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company’s stock valued at $1,025,000 after acquiring an additional 36 shares during the last quarter. HORAN Wealth LLC grew its position in International Business Machines by 1.3% during the fourth quarter. HORAN Wealth LLC now owns 2,851 shares of the technology company’s stock valued at $844,000 after acquiring an additional 37 shares during the period. Finally, Washington Trust Bank grew its position in International Business Machines by 2.2% during the fourth quarter. Washington Trust Bank now owns 1,712 shares of the technology company’s stock valued at $507,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the transaction, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $234.77 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The company has a market capitalization of $221.18 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.24 and a beta of 0.71. The business has a 50-day moving average of $240.81 and a 200-day moving average of $246.86.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting the consensus estimate of $2.93. The business had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $2.80 EPS. On average, equities analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines’s payout ratio is presently 59.98%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded International Business Machines from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. JPMorgan Chase & Co. dropped their target price on shares of International Business Machines from $291.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Craig Hallum assumed coverage on shares of International Business Machines in a report on Wednesday, August 19th. They issued a “buy” rating on the stock. Susquehanna lifted their price target on shares of International Business Machines from $225.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, August 31st. Finally, BMO Capital Markets dropped their price objective on shares of International Business Machines from $270.00 to $230.00 and set a “market perform” rating for the company in a research report on Thursday, July 23rd. Sixteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $265.90.

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.