Asset Planning Services Inc. LA ADV Raises Position in International Business Machines Corporation (IBM)

Asset Planning Services Inc. LA ADV boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,890 shares of the technology company’s stock after acquiring an additional 650 shares during the period. International Business Machines Corporation makes up approximately 3.0% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 24th largest holding. Asset Planning Services Inc. LA ADV’s holdings in International Business Machines Corporation were worth $3,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SeaBridge Investment Advisors LLC increased its stake in International Business Machines Corporation by 18.9% during the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after acquiring an additional 12,236 shares during the period. Intellectus Partners LLC increased its stake in International Business Machines Corporation by 9.8% during the first quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after acquiring an additional 1,496 shares during the period. CKW Financial Group increased its stake in International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares during the period. Argus Investors Counsel Inc. grew its stake in shares of International Business Machines Corporation by 10.9% in the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after purchasing an additional 2,651 shares during the period. Finally, SOL Capital Management CO grew its stake in shares of International Business Machines Corporation by 0.6% in the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 58.25% of the company’s stock.

Several equities research analysts have recently weighed in on IBM shares. Argus reiterated a “buy” rating and issued a $175.00 price objective (down from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective on the stock in a research note on Monday, July 31st. ValuEngine upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $200.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, October 17th. Eight research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $158.93.

Shares of International Business Machines Corporation (IBM) opened at $148.97 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. International Business Machines Corporation has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a market cap of $138,050.00, a price-to-earnings ratio of 10.90, a P/E/G ratio of 2.18 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter in the prior year, the company earned $3.29 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. research analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio is currently 50.08%.

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International Business Machines Corporation Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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