Aptus Capital Advisors LLC Buys 7,095 Shares of International Business Machines Co. (NYSE:IBM)

Aptus Capital Advisors LLC boosted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 89.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,006 shares of the technology company's stock after purchasing an additional 7,095 shares during the quarter. Aptus Capital Advisors LLC's holdings in International Business Machines were worth $3,318,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IBM. Commonwealth Retirement Investments LLC raised its position in shares of International Business Machines by 7.4% during the 3rd quarter. Commonwealth Retirement Investments LLC now owns 15,861 shares of the technology company's stock worth $3,507,000 after purchasing an additional 1,091 shares during the period. Cumberland Partners Ltd lifted its position in International Business Machines by 16.1% in the 3rd quarter. Cumberland Partners Ltd now owns 7,430 shares of the technology company's stock valued at $1,643,000 after purchasing an additional 1,030 shares during the last quarter. Total Investment Management Inc. acquired a new position in International Business Machines during the 3rd quarter valued at about $208,000. Savvy Advisors Inc. increased its stake in shares of International Business Machines by 261.4% in the third quarter. Savvy Advisors Inc. now owns 14,036 shares of the technology company's stock valued at $3,103,000 after purchasing an additional 10,152 shares during the period. Finally, Winslow Asset Management Inc. raised its holdings in shares of International Business Machines by 2.2% during the third quarter. Winslow Asset Management Inc. now owns 43,175 shares of the technology company's stock valued at $9,545,000 after buying an additional 921 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the topic of several analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. UBS Group lifted their price objective 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. Evercore ISI increased their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Hsbc Global Res raised shares of International Business Machines to a "moderate sell" rating in a research note on Friday, July 26th. Finally, Bernstein Bank raised their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $208.12.

Insiders Place Their Bets

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business'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 of the company's stock, valued at approximately $5,463,928. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.07% of the company's stock.

International Business Machines Stock Up 0.0 %

NYSE:IBM opened at $210.91 on Thursday. The business's fifty day moving average price is $218.58 and its 200 day moving average price is $193.11. The firm has a market capitalization of $195.02 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 4.74 and a beta of 0.71. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 1-year low of $149.05 and a 1-year high of $237.37.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate 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%. During the same quarter in the prior year, the business earned $2.20 EPS. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.17%. International Business Machines's dividend payout ratio (DPR) is currently 97.23%.

International Business Machines Company 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.