International Business Machines Co. (NYSE:IBM) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 63.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,777 shares of the technology company's stock after purchasing an additional 5,755 shares during the period. Larson Financial Group LLC's holdings in International Business Machines were worth $3,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBM. Meeder Asset Management Inc. boosted its holdings in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after acquiring an additional 166 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of International Business Machines during the second quarter worth about $7,160,000. Philip James Wealth Mangement LLC acquired a new position in shares of International Business Machines during the third quarter worth about $5,117,000. Aljian Capital Management LLC acquired a new position in shares of International Business Machines during the third quarter worth about $611,000. Finally, Focused Wealth Management Inc lifted its stake in shares of International Business Machines by 52.2% during the third quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company's stock worth $2,504,000 after purchasing an additional 3,887 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the 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 transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group boosted their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research note on Wednesday, September 4th. Jefferies Financial Group boosted their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research note on Monday, October 21st. Stifel Nicolaus boosted their price target on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted their price target on International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $208.12.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $0.57 during trading on Friday, hitting $222.97. 5,320,740 shares of the company traded hands, compared to its average volume of 4,315,075. The stock has a market capitalization of $206.17 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 4.99 and a beta of 0.71. The business's fifty day moving average is $219.45 and its 200-day moving average is $195.57. International Business Machines Co. has a one year low of $153.92 and a one year high of $237.37. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $2.20 earnings per share. As a group, equities analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is presently 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.