Advisory Resource Group Makes New $205,000 Investment in International Business Machines Co. (NYSE:IBM)

Advisory Resource Group bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,533 shares of the technology company’s stock, valued at approximately $205,000.

Several other hedge funds have also recently modified their holdings of IBM. Live Oak Investment Partners bought a new position in shares of International Business Machines during the 4th quarter worth approximately $30,000. GW&K Investment Management LLC bought a new position in shares of International Business Machines during the 1st quarter worth approximately $33,000. First Command Advisory Services Inc. bought a new position in shares of International Business Machines during the 1st quarter worth approximately $37,000. Pacific Center for Financial Services bought a new position in shares of International Business Machines during the 1st quarter worth approximately $41,000. Finally, Kepos Capital LP purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $42,000. Institutional investors own 56.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IBM. BMO Capital Markets raised their price target on shares of International Business Machines from $145.00 to $150.00 and gave the stock a “market perform” rating in a research note on Monday, July 17th. JPMorgan Chase & Co. began coverage on shares of International Business Machines in a research note on Friday, July 7th. They set a “neutral” rating and a $145.00 price target for the company. Morgan Stanley restated an “equal weight” rating and set a $135.00 price target on shares of International Business Machines in a research note on Thursday, July 20th. Wedbush restated a “neutral” rating and set a $140.00 price target on shares of International Business Machines in a research note on Thursday, July 20th. Finally, Bank of America raised their price target on shares of International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $142.91.

International Business Machines Stock Down 0.6 %

International Business Machines stock opened at $145.11 on Tuesday. International Business Machines Co. has a 1-year low of $115.54 and a 1-year high of $153.21. The firm has a market capitalization of $132.20 billion, a price-to-earnings ratio of 67.18, a P/E/G ratio of 3.71 and a beta of 0.85. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.28. The firm has a 50 day simple moving average of $142.59 and a 200 day simple moving average of $133.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.18. The firm had revenue of $15.48 billion during the quarter, compared to analyst estimates of $15.58 billion. International Business Machines had a net margin of 3.35% and a return on equity of 38.10%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 EPS. On average, analysts predict that International Business Machines Co. will post 9.43 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were given a dividend of $1.66 per share. The ex-dividend date was Wednesday, August 9th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 4.58%. International Business Machines’s dividend payout ratio (DPR) is currently 307.41%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.