Fiduciary Family Office LLC Purchases New Holdings in International Business Machines Corporation $IBM

Fiduciary Family Office LLC bought a new position in International Business Machines Corporation (NYSE:IBM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,512 shares of the technology company’s stock, valued at approximately $991,000.

Other hedge funds also recently made changes to their positions in the company. CFC Planning Co LLC increased its stake in shares of International Business Machines by 7.5% in the third quarter. CFC Planning Co LLC now owns 8,902 shares of the technology company’s stock worth $2,512,000 after buying an additional 624 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of International Business Machines by 3.7% during the 3rd quarter. Beacon Financial Advisory LLC now owns 2,253 shares of the technology company’s stock valued at $636,000 after buying an additional 81 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of International Business Machines in the 3rd quarter worth about $788,000. Sigma Investment Counselors Inc. increased its stake in shares of International Business Machines by 4.7% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 943 shares of the technology company’s stock worth $266,000 after acquiring an additional 42 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its position in International Business Machines by 15.9% during the 3rd quarter. Aviance Capital Partners LLC now owns 3,813 shares of the technology company’s stock valued at $1,076,000 after acquiring an additional 523 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 2.6%

Shares of NYSE IBM opened at $305.82 on Friday. The stock has a fifty day simple moving average of $303.46 and a 200-day simple moving average of $282.44. The stock has a market capitalization of $285.86 billion, a PE ratio of 36.58, a PEG ratio of 2.96 and a beta of 0.70. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

Analyst Upgrades and Downgrades

Several analysts recently commented on IBM shares. Royal Bank Of Canada increased their price objective on shares of International Business Machines from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. UBS Group reiterated a “sell” rating on shares of International Business Machines in a research report on Tuesday, December 9th. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, December 5th. Finally, BMO Capital Markets lifted their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average price target of $303.38.

International Business Machines 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.