Wealthfront Advisers LLC Has $35.48 Million Stake in International Business Machines Corporation $IBM

Wealthfront Advisers LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,746 shares of the technology company’s stock after selling 3,509 shares during the quarter. Wealthfront Advisers LLC’s holdings in International Business Machines were worth $35,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. CFS Investment Advisory Services LLC increased its position in shares of International Business Machines by 0.4% in the third quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock valued at $2,878,000 after acquiring an additional 34 shares during the last quarter. KPP Advisory Services LLC boosted its position in International Business Machines by 1.7% during the third quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock valued at $584,000 after purchasing an additional 34 shares during the last quarter. Marco Investment Management LLC grew its stake in International Business Machines by 0.3% in the third quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock valued at $3,040,000 after purchasing an additional 34 shares in the last quarter. MA Private Wealth increased its position in shares of International Business Machines by 1.5% during the 3rd quarter. MA Private Wealth now owns 2,242 shares of the technology company’s stock worth $633,000 after purchasing an additional 34 shares during the last quarter. Finally, Ignite Planners LLC raised its stake in shares of International Business Machines by 0.9% during the 3rd quarter. Ignite Planners LLC now owns 4,000 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 36 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBM. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Royal Bank Of Canada set a $361.00 price target on International Business Machines in a research report on Thursday, January 29th. Dbs Bank raised International Business Machines from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $312.00 to $317.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Oppenheimer set a $380.00 price target on International Business Machines and gave the company an “outperform” rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $330.07.

International Business Machines Trading Down 0.8%

Shares of IBM stock opened at $296.51 on Tuesday. International Business Machines Corporation has a fifty-two week low of $214.50 and a fifty-two week high of $324.90. The stock’s fifty day moving average price is $301.92 and its two-hundred day moving average price is $283.91. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96. The company has a market cap of $277.16 billion, a PE ratio of 26.59, a P/E/G ratio of 3.00 and a beta of 0.69.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The business had revenue of $19.69 billion during the quarter, compared to analysts’ expectations of $19.23 billion. During the same period in the prior year, the company earned $3.92 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $1.68 per share. The ex-dividend date is Tuesday, February 10th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 60.27%.

Insider Activity

In other news, Director David N. Farr bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were acquired at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the acquisition, the director directly owned 9,258 shares in the company, valued at approximately $2,814,432. This represents a 12.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

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.