RIA Advisory Group LLC Acquires New Shares in International Business Machines Co. (NYSE:IBM)

RIA Advisory Group LLC purchased a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,504 shares of the technology company's stock, valued at approximately $5,638,000. International Business Machines comprises 2.0% of RIA Advisory Group LLC's holdings, making the stock its 8th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new position in shares of International Business Machines during the 1st quarter worth about $28,000. Hazlett Burt & Watson Inc. grew its position in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at approximately $29,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines in the 2nd quarter valued at approximately $36,000. Finally, Wolff Wiese Magana LLC boosted its position in International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock worth $38,000 after acquiring an additional 60 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the subject of a number of recent research reports. Morgan Stanley reduced their price target on International Business Machines from $217.00 to $208.00 and set an "equal weight" rating for the company in a research report on Thursday, October 24th. Bank of America upped their price target on International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective 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, Stifel Nicolaus upped their price objective 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. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $208.12.

International Business Machines Stock Performance

IBM stock traded down $4.00 during trading hours on Friday, hitting $204.99. 3,986,460 shares of the stock were exchanged, compared to its average volume of 4,237,182. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $189.54 billion, a P/E ratio of 29.84, a P/E/G ratio of 4.74 and a beta of 0.71. The company has a 50-day simple moving average of $218.79 and a two-hundred day simple moving average of $193.48. International Business Machines Co. has a 12 month low of $152.13 and a 12 month high of $237.37.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share 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 analysts' expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.20 EPS. On average, analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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 3.26%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is currently 97.23%.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by insiders.

About International Business Machines

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.