2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. grew its stake in International Business Machines Co.
( NYSE:IBM – Free Report ) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,857 shares of the technology company’s stock after purchasing an additional 970 shares during the quarter.
B. Riley Wealth Advisors Inc.’s holdings in International Business Machines were worth $16,579,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Arden Trust Co increased its stake in International Business Machines by 2.8% during the 1st quarter.
Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after buying an additional 54 shares during the period. Armbruster Capital Management Inc. increased its stake in International Business Machines by 2.
3% during the second quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock valued at $432,000 after purchasing an additional 56 shares during the last quarter.
CVA Family Office LLC raised its holdings in shares of International Business Machines by 3.3% during the second quarter. CVA Family Office LLC now owns 1,796 shares of the technology company’s stock worth $311,000 after purchasing an additional 57 shares during the period.
Mill Creek Capital Advisors LLC lifted its position in shares of International Business Machines by 5.1% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 1,165 shares of the technology company’s stock worth $201,000 after buying an additional 57 shares during the last quarter.
Finally, Chicago Partners Investment Group LLC lifted its holdings in International Business Machines by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 58 shares during the last quarter.
58.96% of the stock is currently owned by institutional investors and hedge funds. International Business Machines Stock Performance IBM opened at $220.
84 on Monday. International Business Machines Co. has a 1-year low of $135.
87 and a 1-year high of $224.15. The company has a debt-to-equity ratio of 2.
20, a current ratio of 1.12 and a quick ratio of 1.08.
The business has a 50 day moving average price of $200.17 and a two-hundred day moving average price of $185.15.
The company has a market capitalization of $202.86 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 4.
90 and a beta of 0.70. International Business Machines Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th.
Stockholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.
68 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, August 9th.
International Business Machines’s dividend payout ratio (DPR) is currently 75.65%. Analysts Set New Price Targets Several research firms have recently commented on IBM.
Stifel Nicolaus upped their target price on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th.
Jefferies Financial Group upped their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th.
The Goldman Sachs Group initiated coverage on International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock.
BMO Capital Markets boosted their price target on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th.
Finally, Evercore ISI increased their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th.
Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $188.
60. View Our Latest Stock Report on International Business Machines International Business Machines Profile ( Free Report ) 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. Further Reading Five stocks we like better than International Business Machines What is the FTSE 100 index? Top 5 ETFs to Own Now and Into 2025 3 REITs to Buy and Hold for the Long Term Watch These 3 Former Short-Squeeze Stocks for a Big Rally What is Put Option Volume? Simon Property REIT: A Safe Bet for Growth and Steady Dividends Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Co.
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