International Business Machines Co. (NYSE:IBM) Shares Purchased by Capital Wealth Planning LLC

Capital Wealth Planning LLC raised its position in International Business Machines Co. (NYSE:IBM) by 8.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,578,660 shares of the technology company’s stock after acquiring an additional 127,892 shares during the period. International Business Machines makes up 2.9% of Capital Wealth Planning LLC’s investment portfolio, making the stock its 21st largest holding. Capital Wealth Planning LLC owned 0.17% of International Business Machines worth $273,029,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in IBM. Gilbert & Cook Inc. lifted its stake in shares of International Business Machines by 2.7% in the 4th quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock worth $637,000 after acquiring an additional 101 shares during the period. Aveo Capital Partners LLC lifted its stake in shares of International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock worth $507,000 after acquiring an additional 109 shares during the period. Gryphon Financial Partners LLC lifted its stake in shares of International Business Machines by 6.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock valued at $386,000 after purchasing an additional 147 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of International Business Machines by 96.6% in the fourth quarter. Great Lakes Advisors LLC now owns 38,177 shares of the technology company’s stock valued at $6,244,000 after purchasing an additional 18,762 shares during the period. Finally, Brown Advisory Inc. lifted its stake in shares of International Business Machines by 2.7% in the fourth quarter. Brown Advisory Inc. now owns 260,233 shares of the technology company’s stock valued at $42,561,000 after purchasing an additional 6,920 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBM. Evercore ISI raised their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group began coverage on shares of International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective for the company. BMO Capital Markets raised their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Finally, Jefferies Financial Group raised their target price on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $188.60.

International Business Machines Price Performance

IBM opened at $214.79 on Monday. The company’s 50 day simple moving average is $192.83 and its 200 day simple moving average is $183.37. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $216.09. The stock has a market capitalization of $197.85 billion, a PE ratio of 24.33, a P/E/G ratio of 4.67 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period last year, the company earned $2.18 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.11%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.