Belpointe Asset Management LLC Takes Position in International Business Machines Corp. (IBM)

Belpointe Asset Management LLC purchased a new position in International Business Machines Corp. (NYSE:IBM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,164 shares of the technology company’s stock, valued at approximately $1,039,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. BlackRock Inc. increased its position in shares of International Business Machines by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of International Business Machines by 4.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock worth $763,790,000 after purchasing an additional 216,212 shares during the last quarter. Legal & General Group Plc increased its position in shares of International Business Machines by 2.5% in the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock worth $715,252,000 after purchasing an additional 119,747 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of International Business Machines by 3.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 4,826,502 shares of the technology company’s stock worth $700,229,000 after purchasing an additional 175,289 shares during the last quarter. 57.08% of the stock is currently owned by hedge funds and other institutional investors.

In other International Business Machines news, Director Frederick H. Waddell purchased 610 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average price of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.23% of the company’s stock.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and issued a $175.00 price objective on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $167.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a research report on Friday, January 19th. Pivotal Research set a $180.00 price objective on shares of International Business Machines and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, UBS Group restated a “neutral” rating and issued a $160.00 price objective (up from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $164.37.

International Business Machines Corp. (IBM) opened at $150.75 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The stock has a market cap of $139,560.00, a P/E ratio of 24.67, a PEG ratio of 2.19 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The firm had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter last year, the business earned $5.01 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. research analysts forecast that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s payout ratio is 98.20%.

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International Business Machines Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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

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