Strategic Planning Group LLC Has $11.98 Million Position in International Business Machines Corporation $IBM

Strategic Planning Group LLC grew its holdings in International Business Machines Corporation (NYSE:IBM) by 44.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,451 shares of the technology company’s stock after purchasing an additional 13,031 shares during the quarter. International Business Machines comprises about 1.6% of Strategic Planning Group LLC’s portfolio, making the stock its 17th biggest position. Strategic Planning Group LLC’s holdings in International Business Machines were worth $11,978,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IBM. Lifestyle Asset Management Inc. boosted its holdings in shares of International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after buying an additional 36 shares in the last quarter. Whelan Financial lifted its position in shares of International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after acquiring an additional 36 shares during the period. Ignite Planners LLC boosted its stake in International Business Machines by 0.9% during the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after acquiring an additional 36 shares in the last quarter. Vishria Bird Financial Group LLC increased its stake in International Business Machines by 3.0% in the third quarter. Vishria Bird Financial Group LLC now owns 1,230 shares of the technology company’s stock valued at $347,000 after purchasing an additional 36 shares in the last quarter. Finally, TI Trust Inc. raised its holdings in shares of International Business Machines by 0.8% during the third quarter. TI Trust Inc. now owns 4,492 shares of the technology company’s stock valued at $1,267,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $296.84 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a 50-day moving average of $303.75 and a 200-day moving average of $281.80. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The company has a market cap of $277.46 billion, a P/E ratio of 35.51, a P/E/G ratio of 2.80 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.30 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a $1.68 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is currently 80.38%.

Analyst Ratings Changes

Several brokerages have recently commented on IBM. Bank of America raised their target price on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Oppenheimer assumed coverage on International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 price objective for the company. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Royal Bank Of Canada boosted their price target on shares of International Business Machines from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $301.85.

International Business Machines Company Profile

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.