Carr Financial Group Corp Purchases 99 Shares of International Business Machines Co. (NYSE:IBM)

Carr Financial Group Corp raised its position in shares of International Business Machines Co. (NYSE:IBM) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,651 shares of the technology company’s stock after purchasing an additional 99 shares during the period. Carr Financial Group Corp’s holdings in International Business Machines were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in International Business Machines during the 1st quarter valued at about $26,000. ESL Trust Services LLC purchased a new position in International Business Machines during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. raised its stake in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC bought a new stake in International Business Machines during the 3rd quarter valued at $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines in the 2nd quarter valued at $36,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

NYSE IBM opened at $213.72 on Friday. The firm has a market capitalization of $197.62 billion, a P/E ratio of 31.11, a PEG ratio of 4.80 and a beta of 0.71. The stock has a 50-day simple moving average of $218.02 and a two-hundred day simple moving average of $192.24. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a fifty-two week low of $145.28 and a fifty-two week high of $237.37.

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

International Business Machines Dividend Announcement

The company also recently disclosed 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 is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.13%. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IBM shares. The Goldman Sachs Group raised their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Evercore ISI raised their price target on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group raised their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Finally, Bank of America upped their price target on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $208.12.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.

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.