International Business Machines Co. (NYSE:IBM) Shares Bought by Blankinship & Foster LLC

Blankinship & Foster LLC raised its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 5,903.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,980 shares of the technology company's stock after acquiring an additional 76,681 shares during the quarter. International Business Machines comprises 2.8% of Blankinship & Foster LLC's portfolio, making the stock its 8th largest position. Blankinship & Foster LLC's holdings in International Business Machines were worth $17,240,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its position in shares of International Business Machines by 2.2% in the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after acquiring an additional 1,200,803 shares during the period. Legal & General Group Plc increased its stake in International Business Machines by 4.1% in the second quarter. Legal & General Group Plc now owns 8,487,827 shares of the technology company's stock valued at $1,467,974,000 after purchasing an additional 330,694 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in International Business Machines by 6.4% in the second quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock worth $1,274,074,000 after purchasing an additional 444,698 shares during the period. FMR LLC boosted its position in shares of International Business Machines by 6.0% during the third quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock worth $1,148,717,000 after purchasing an additional 294,276 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of International Business Machines by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,796,206 shares of the technology company's stock valued at $829,431,000 after buying an additional 304,390 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on IBM shares. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Bernstein Bank boosted their price objective on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research report on Thursday, October 3rd. Royal Bank of Canada restated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. 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 research report on Wednesday, September 11th. Finally, Morgan Stanley dropped their price objective on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of "Hold" and a consensus target price of $208.12.

International Business Machines Stock Up 0.9 %

Shares of NYSE IBM traded up $2.14 during trading hours on Thursday, hitting $232.26. The company had a trading volume of 4,508,995 shares, compared to its average volume of 4,234,105. International Business Machines Co. has a 1-year low of $157.88 and a 1-year high of $239.35. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The firm's 50 day moving average is $222.38 and its 200-day moving average is $200.91. The stock has a market capitalization of $214.76 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 5.16 and a beta of 0.73.

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. 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%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 earnings per share. On average, analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.88%. International Business Machines's dividend 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.