International Business Machines Co. (NYSE:IBM) Shares Bought by Whelan Financial

Whelan Financial raised its position in International Business Machines Co. (NYSE:IBM) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,310 shares of the technology company’s stock after purchasing an additional 56 shares during the period. Whelan Financial’s holdings in International Business Machines were worth $290,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new position in International Business Machines in the 2nd quarter valued at about $7,160,000. Smith Thornton Advisors LLC purchased a new position in shares of International Business Machines during the 2nd quarter worth $702,000. Retirement Planning Group LLC purchased a new stake in shares of International Business Machines in the third quarter valued at $618,000. GAMMA Investing LLC increased its stake in International Business Machines by 42.4% in the second quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock valued at $1,621,000 after purchasing an additional 2,788 shares during the last quarter. Finally, Anderson Hoagland & Co. acquired a new stake in International Business Machines in the 3rd quarter worth about $4,050,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.8 %

Shares of International Business Machines stock traded up $1.56 on Thursday, reaching $206.46. 1,356,949 shares of the company were exchanged, compared to its average volume of 4,252,607. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a fifty-two week low of $142.59 and a fifty-two week high of $237.37. The firm has a market capitalization of $189.65 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 4.84 and a beta of 0.70. The stock has a fifty day moving average price of $216.38 and a 200-day moving average price of $190.95.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company posted $2.20 earnings per share. On average, analysts expect that International Business Machines Co. will post 10.13 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 75.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBM shares. Bank of America boosted their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their target price on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Stifel Nicolaus upped their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Bernstein Bank increased their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $208.12.

About International Business Machines

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.