International Business Machines Corporation $IBM Shares Bought by Matrix Trust Co

by · The Markets Daily

Matrix Trust Co increased its position in International Business Machines Corporation (NYSE:IBM – Free Report) by 185.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,810 shares of the technology company’s stock after acquiring an additional 3,778 shares during the period. Matrix Trust Co’s holdings in International Business Machines were worth $1,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family CFO Inc purchased a new position in shares of International Business Machines in the second quarter valued at $25,000. Winnow Wealth LLC acquired a new stake in International Business Machines in the 2nd quarter valued at about $27,000. Silicon Valley Capital Partners grew its stake in International Business Machines by 322.6% in 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 during the last quarter. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares in the last quarter. Finally, Copia Wealth Management raised its position in International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after acquiring an additional 49 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.7%

Shares of NYSE IBM opened at $302.97 on Tuesday. The stock has a market capitalization of $283.20 billion, a PE ratio of 36.24, a P/E/G ratio of 3.00 and a beta of 0.69. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The firm has a fifty day moving average of $301.54 and a 200-day moving average of $280.02. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90.

International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a dividend of $1.68 per share. The ex-dividend date was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Oppenheimer began coverage on International Business Machines in a research report on Friday, November 21st. They issued an “outperform” rating and a $360.00 price objective on the stock. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. Finally, Royal Bank Of Canada decreased their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $293.38.

Read Our Latest Stock Report on IBM

International Business Machines Profile

(Free Report)

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.

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