Signature Estate & Investment Advisors LLC Has $1.71 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Signature Estate & Investment Advisors LLC lowered its holdings in shares of International Business Machines Co. (NYSE:IBM) by 8.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,742 shares of the technology company’s stock after selling 717 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in International Business Machines were worth $1,712,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in International Business Machines by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 168,271 shares of the technology company’s stock worth $37,201,000 after purchasing an additional 12,865 shares in the last quarter. Intellectus Partners LLC grew its position in International Business Machines by 3.3% during the third quarter. Intellectus Partners LLC now owns 4,953 shares of the technology company’s stock valued at $1,095,000 after buying an additional 158 shares during the period. Balboa Wealth Partners lifted its holdings in shares of International Business Machines by 59.9% in the third quarter. Balboa Wealth Partners now owns 2,430 shares of the technology company’s stock worth $537,000 after buying an additional 910 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in International Business Machines by 17.0% during the third quarter. OneDigital Investment Advisors LLC now owns 26,017 shares of the technology company’s stock valued at $5,752,000 after acquiring an additional 3,789 shares during the last quarter. Finally, Lifeworks Advisors LLC grew its holdings in International Business Machines by 27.4% during the 3rd quarter. Lifeworks Advisors LLC now owns 30,244 shares of the technology company’s stock worth $6,686,000 after acquiring an additional 6,513 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $204.99 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The company has a market cap of $189.54 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 4.74 and a beta of 0.71. International Business Machines Co. has a fifty-two week low of $152.13 and a fifty-two week high of $237.37. The stock has a fifty day moving average price of $218.79 and a 200-day moving average price of $193.48.

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

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Morgan Stanley dropped their price objective on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Jefferies Financial Group lifted their price target on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, Evercore ISI boosted their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $208.12.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.