Brian Low Financial Group LLC Boosts Position in International Business Machines Corporation $IBM

Brian Low Financial Group LLC boosted its position in International Business Machines Corporation (NYSE:IBM) by 62.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,900 shares of the technology company’s stock after purchasing an additional 3,030 shares during the quarter. International Business Machines comprises about 1.7% of Brian Low Financial Group LLC’s holdings, making the stock its 12th largest position. Brian Low Financial Group LLC’s holdings in International Business Machines were worth $2,229,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Family CFO Inc acquired a new position in International Business Machines during the second quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new stake in shares of International Business Machines in the second quarter valued at about $27,000. Highline Wealth Partners LLC raised its holdings in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares during the period. Silicon Valley Capital Partners lifted its position in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Copia Wealth Management lifted its position in International Business Machines by 57.6% during the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after acquiring an additional 49 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Stifel Nicolaus boosted their price target on shares of International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, Jefferies Financial Group boosted their price objective on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $293.38.

International Business Machines Stock Performance

Shares of IBM opened at $305.22 on Friday. The company has a market cap of $285.30 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 3.03 and a beta of 0.69. The firm has a 50-day moving average of $303.62 and a 200-day moving average of $280.83. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the prior year, the business posted $2.30 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. International Business Machines’s dividend payout ratio is currently 80.38%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.