Capital Investment Counsel LLC Has $6.06 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Capital Investment Counsel LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 11.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 27,391 shares of the technology company's stock after buying an additional 2,860 shares during the period. Capital Investment Counsel LLC's holdings in International Business Machines were worth $6,056,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of International Business Machines by 20,324.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock worth $600,373,000 after buying an additional 2,702,340 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in International Business Machines by 151.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company's stock worth $671,352,000 after acquiring an additional 2,118,165 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of International Business Machines by 306.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,401,798 shares of the technology company's stock valued at $242,441,000 after acquiring an additional 1,056,759 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of International Business Machines by 587.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock valued at $134,262,000 after purchasing an additional 536,785 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of International Business Machines by 12,282.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 472,382 shares of the technology company's stock worth $817,000 after purchasing an additional 468,567 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

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 shares were sold at an average price of $215.20, for a total transaction 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 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IBM. Morgan Stanley cut their price target on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. DZ Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price for the company. in a research note on Wednesday, October 2nd. BMO Capital Markets increased their price target on International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research report on Thursday, October 24th. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $208.12.

International Business Machines Stock Up 0.3 %

NYSE:IBM traded up $0.57 on Friday, hitting $222.97. 5,320,740 shares of the company's stock were exchanged, compared to its average volume of 4,315,075. The company has a market cap of $206.17 billion, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 4.99 and a beta of 0.71. The firm has a 50-day moving average price of $219.45 and a 200-day moving average price of $195.57. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 52 week low of $153.92 and a 52 week high of $237.37.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly 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. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period in the prior year, the firm posted $2.20 earnings per share. The company's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts expect that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 dividend yield of 3.00%. International Business Machines's payout ratio is 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.