HM Payson & Co. Acquires 9,420 Shares of International Business Machines Corporation $IBM

HM Payson & Co. boosted its stake in International Business Machines Corporation (NYSE:IBM) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,788 shares of the technology company’s stock after acquiring an additional 9,420 shares during the period. HM Payson & Co.’s holdings in International Business Machines were worth $24,488,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Family CFO Inc purchased a new position in shares of International Business Machines during the second quarter valued at about $25,000. Winnow Wealth LLC bought a new stake in International Business Machines during the 2nd quarter valued at approximately $27,000. Silicon Valley Capital Partners boosted its position in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Highline Wealth Partners LLC grew its holdings in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the period. Finally, Copia Wealth Management raised its position in shares of International Business Machines by 57.6% in the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after acquiring an additional 49 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 0.2%

Shares of NYSE IBM opened at $305.22 on Monday. The firm’s 50 day moving average price is $303.62 and its 200-day moving average price is $280.86. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $285.30 billion, a PE ratio of 36.51, a P/E/G ratio of 3.04 and a beta of 0.69.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IBM. Stifel Nicolaus increased their price objective on International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. UBS Group reiterated a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. Oppenheimer began coverage on shares of International Business Machines in a research note on Friday, November 21st. They set an “outperform” rating and a $360.00 price objective on the stock. Bank of America raised their target price on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $293.38.

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.