International Business Machines Co. (NYSE:IBM) Position Increased by World Investment Advisors LLC

World Investment Advisors LLC raised its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 63.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,593 shares of the technology company's stock after acquiring an additional 4,884 shares during the quarter. World Investment Advisors LLC's holdings in International Business Machines were worth $2,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IBM. Hazlett Burt & Watson Inc. grew its holdings in shares of International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC acquired a new stake in International Business Machines during the third quarter worth approximately $29,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP acquired a new position in International Business Machines in the 3rd quarter valued at $43,000. Finally, Briaud Financial Planning Inc boosted its holdings in shares of International Business Machines by 54.3% during the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company's stock worth $49,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Down 0.6 %

International Business Machines stock traded down $1.44 during midday trading on Friday, hitting $230.82. 2,757,683 shares of the company were exchanged, compared to its average volume of 4,227,999. The company has a market cap of $213.43 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 5.17 and a beta of 0.73. International Business Machines Co. has a fifty-two week low of $157.88 and a fifty-two week high of $239.35. The company's fifty day moving average price is $222.67 and its 200-day moving average price is $201.54. 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 (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 earnings per share. On average, research analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Tuesday, November 12th. International Business Machines's payout ratio is 97.23%.

Analyst Upgrades and Downgrades

IBM has been the subject of several analyst reports. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. UBS Group increased their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a report on Wednesday, September 4th. Bernstein Bank boosted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. Jefferies Financial Group upped their price target on shares of International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $208.12.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by company insiders.

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.