BluePath Capital Management LLC Has $874,000 Position in International Business Machines Co. (NYSE:IBM)

BluePath Capital Management LLC lessened its holdings in International Business Machines Co. (NYSE:IBM) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,954 shares of the technology company’s stock after selling 484 shares during the period. BluePath Capital Management LLC’s holdings in International Business Machines were worth $874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Chicago Partners Investment Group LLC lifted its stake in shares of International Business Machines by 13.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 15,680 shares of the technology company’s stock valued at $3,650,000 after purchasing an additional 1,813 shares during the last quarter. Tower Wealth Partners Inc. lifted its stake in shares of International Business Machines by 14.8% in the 3rd quarter. Tower Wealth Partners Inc. now owns 2,331 shares of the technology company’s stock valued at $515,000 after purchasing an additional 300 shares during the last quarter. Phillips Wealth Planners LLC lifted its stake in shares of International Business Machines by 126.5% in the 3rd quarter. Phillips Wealth Planners LLC now owns 3,849 shares of the technology company’s stock valued at $899,000 after purchasing an additional 2,150 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of International Business Machines by 51.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 16,560 shares of the technology company’s stock valued at $3,661,000 after purchasing an additional 5,597 shares during the last quarter. Finally, Capital Advisors Inc. OK lifted its stake in shares of International Business Machines by 1.0% in the 3rd quarter. Capital Advisors Inc. OK now owns 280,720 shares of the technology company’s stock valued at $62,062,000 after purchasing an additional 2,699 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI boosted their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group boosted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Performance

NYSE IBM opened at $208.22 on Friday. The stock has a market cap of $191.80 billion, a P/E ratio of 30.31, a PEG ratio of 4.28 and a beta of 0.70. International Business Machines Co. has a twelve month low of $144.84 and a twelve month high of $237.37. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company’s 50-day simple moving average is $216.84 and its 200 day simple moving average is $191.24.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 earnings per share. As a group, research analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.21%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

International Business Machines Profile

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.