WealthPlan Investment Management LLC Purchases 5,077 Shares of International Business Machines Co. (NYSE:IBM)

WealthPlan Investment Management LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 12.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,098 shares of the technology company's stock after acquiring an additional 5,077 shares during the quarter. WealthPlan Investment Management LLC's holdings in International Business Machines were worth $10,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of IBM. ESL Trust Services LLC bought a new stake in shares of International Business Machines in the 1st quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. boosted its stake in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after acquiring an additional 116 shares in the last quarter. Hara Capital LLC bought 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 stake in shares of International Business Machines in the second quarter worth $36,000. Finally, Wolff Wiese Magana LLC raised its holdings in International Business Machines by 37.0% in 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 period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.07% of the company's stock.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $4.39 during midday trading on Tuesday, reaching $209.18. The company had a trading volume of 728,314 shares, compared to its average volume of 4,223,567. The stock has a fifty day simple moving average of $218.25 and a 200 day simple moving average of $192.68. International Business Machines Co. has a 1-year low of $147.35 and a 1-year high of $237.37. 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 company has a market capitalization of $193.42 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 4.80 and a beta of 0.71.

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, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. During the same quarter last year, the business earned $2.20 earnings per share. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.19%. International Business Machines's dividend payout ratio is currently 97.23%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Hsbc Global Res raised shares of International Business Machines to a "moderate sell" rating in a research report on Friday, July 26th. Morgan Stanley lowered their target price on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. Evercore ISI raised their price target on shares of International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. DZ Bank downgraded International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. Finally, BMO Capital Markets increased their target price on International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $208.12.

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.