Planning Capital Management Corp Grows Stake in International Business Machines Co. (NYSE:IBM)

Planning Capital Management Corp increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,474 shares of the technology company’s stock after buying an additional 81 shares during the quarter. Planning Capital Management Corp’s holdings in International Business Machines were worth $326,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Wealthstream Advisors Inc. grew its holdings in shares of International Business Machines by 13.0% during the third quarter. Wealthstream Advisors Inc. now owns 2,519 shares of the technology company’s stock valued at $557,000 after buying an additional 290 shares during the last quarter. KBC Group NV grew its holdings in shares of International Business Machines by 103.1% during the third quarter. KBC Group NV now owns 886,323 shares of the technology company’s stock valued at $195,948,000 after buying an additional 449,912 shares during the last quarter. ROI Financial Advisors LLC grew its holdings in shares of International Business Machines by 22.8% during the third quarter. ROI Financial Advisors LLC now owns 8,362 shares of the technology company’s stock valued at $1,849,000 after buying an additional 1,553 shares during the last quarter. Plato Investment Management Ltd grew its holdings in shares of International Business Machines by 2.1% during the third quarter. Plato Investment Management Ltd now owns 13,918 shares of the technology company’s stock valued at $3,074,000 after buying an additional 288 shares during the last quarter. Finally, Cable Hill Partners LLC grew its holdings in shares of International Business Machines by 6.3% during the third quarter. Cable Hill Partners LLC now owns 6,154 shares of the technology company’s stock valued at $1,361,000 after buying an additional 364 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBM has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a research report on Wednesday, October 2nd. Finally, Morgan Stanley decreased their target price on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $208.12.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Stock Up 0.0 %

IBM opened at $210.91 on Thursday. International Business Machines Co. has a twelve month low of $149.05 and a twelve month high of $237.37. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company has a 50-day moving average price of $218.58 and a 200 day moving average price of $193.11. The company has a market cap of $195.02 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $2.20 EPS. Sell-side analysts expect that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.17%. International Business Machines’s payout ratio is currently 97.23%.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.