Brookstone Capital Management Has $5.39 Million Position in International Business Machines Corporation $IBM

Brookstone Capital Management grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 12.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,115 shares of the technology company’s stock after buying an additional 2,127 shares during the period. Brookstone Capital Management’s holdings in International Business Machines were worth $5,394,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in International Business Machines during the 2nd quarter valued at $2,011,122,000. Vanguard Group Inc. boosted its holdings in shares of International Business Machines by 2.1% in the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after acquiring an additional 1,913,708 shares during the period. Laurel Wealth Advisors LLC boosted its position in shares of International Business Machines by 27,928.2% in the second quarter. Laurel Wealth Advisors LLC now owns 1,903,116 shares of the technology company’s stock valued at $561,001,000 after acquiring an additional 1,896,326 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company’s stock valued at $2,147,608,000 after buying an additional 524,633 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in International Business Machines in the second quarter valued at approximately $133,771,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM stock opened at $305.22 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market cap of $285.30 billion, a P/E ratio of 36.51, a PEG 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. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share 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 the consensus estimate of $16.10 billion. During the same period in the prior year, the firm earned $2.30 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on IBM shares. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. Bank of America upped their target price on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. UBS Group reissued a “sell” rating on shares of International Business Machines in a report on Tuesday, December 9th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Finally, Royal Bank Of Canada cut their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $293.38.

International Business Machines Company Profile

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.