International Business Machines Co. (NYSE:IBM) Stake Raised by 180 Wealth Advisors LLC

180 Wealth Advisors LLC boosted its holdings in International Business Machines Co. (NYSE:IBM) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,016 shares of the technology company’s stock after acquiring an additional 705 shares during the quarter. 180 Wealth Advisors LLC’s holdings in International Business Machines were worth $1,176,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in International Business Machines during the 3rd quarter worth about $50,000. Keebeck Wealth Management LLC acquired a new stake in International Business Machines during the 2nd quarter worth about $67,000. Lenox Wealth Advisors LLC raised its holdings in International Business Machines by 190.0% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 870 shares of the technology company’s stock worth $106,000 after buying an additional 570 shares during the period. Lountzis Asset Management LLC acquired a new stake in International Business Machines during the 2nd quarter worth about $181,000. Finally, Actinver Wealth Management Inc. acquired a new stake in International Business Machines during the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 56.11% of the company’s stock.

In other International Business Machines news, SVP Diane J. Gherson sold 1,215 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $127.00, for a total transaction of $154,305.00. Following the completion of the sale, the senior vice president now owns 30,597 shares of the company’s stock, valued at $3,885,819. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Diane J. Gherson sold 1,176 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $126.73, for a total value of $149,034.48. Following the sale, the senior vice president now directly owns 31,767 shares of the company’s stock, valued at approximately $4,025,831.91. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Shares of NYSE IBM traded down $4.04 during trading hours on Monday, hitting $111.96. The stock had a trading volume of 228,035 shares, compared to its average volume of 5,608,335. The company has a market capitalization of $103.31 billion, a P/E ratio of 13.14, a P/E/G ratio of 3.46 and a beta of 1.16. The firm’s 50-day moving average price is $122.46 and its two-hundred day moving average price is $122.60. International Business Machines Co. has a 52 week low of $90.56 and a 52 week high of $158.75. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.99 and a current ratio of 1.04.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Monday, October 19th. The technology company reported $2.58 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.58. The business had revenue of $17.56 billion during the quarter, compared to analysts’ expectations of $17.56 billion. International Business Machines had a return on equity of 49.12% and a net margin of 10.53%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.68 EPS. As a group, analysts expect that International Business Machines Co. will post 10.94 EPS for the current fiscal year.

Several research firms have issued reports on IBM. Morgan Stanley boosted their price objective on International Business Machines from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, October 9th. BMO Capital Markets dropped their target price on International Business Machines from $140.00 to $138.00 and set a “market perform” rating on the stock in a report on Tuesday, October 20th. Argus upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Wednesday, July 22nd. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating and set a $124.00 target price on the stock. in a report on Wednesday, October 21st. Finally, Citigroup upped their target price on International Business Machines from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $139.06.

International Business Machines Company Profile

International Business Machines Corporation operates as an integrated solutions and services company worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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