ProShare Advisors LLC Increases Stake in International Business Machines Co. (NYSE:IBM)

ProShare Advisors LLC raised its holdings in International Business Machines Co. (NYSE:IBM) by 10.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,716,277 shares of the technology company’s stock after buying an additional 159,853 shares during the quarter. International Business Machines accounts for about 0.7% of ProShare Advisors LLC’s investment portfolio, making the stock its 20th largest holding. ProShare Advisors LLC’s holdings in International Business Machines were worth $229,655,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Profund Advisors LLC grew its position in shares of International Business Machines by 26.6% in the 2nd quarter. Profund Advisors LLC now owns 21,144 shares of the technology company’s stock worth $2,829,000 after buying an additional 4,442 shares during the last quarter. Payden & Rygel grew its position in shares of International Business Machines by 187.5% in the 2nd quarter. Payden & Rygel now owns 92,170 shares of the technology company’s stock worth $12,333,000 after buying an additional 60,110 shares during the last quarter. Financial Partners Group LLC grew its position in shares of International Business Machines by 8.4% in the 2nd quarter. Financial Partners Group LLC now owns 6,795 shares of the technology company’s stock worth $909,000 after buying an additional 525 shares during the last quarter. Providence Capital Advisors LLC grew its position in shares of International Business Machines by 1.6% in the 2nd quarter. Providence Capital Advisors LLC now owns 21,927 shares of the technology company’s stock worth $2,934,000 after buying an additional 343 shares during the last quarter. Finally, Trust Investment Advisors grew its position in shares of International Business Machines by 3.0% in the 2nd quarter. Trust Investment Advisors now owns 11,130 shares of the technology company’s stock worth $1,489,000 after buying an additional 327 shares during the last quarter. 56.16% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 0.1 %

NYSE:IBM traded down $0.17 during trading hours on Friday, reaching $152.89. 4,426,676 shares of the company traded hands, compared to its average volume of 4,494,010. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $153.50. The business’s 50-day moving average price is $144.33 and its two-hundred day moving average price is $138.86. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $139.61 billion, a P/E ratio of 20.28, a P/E/G ratio of 4.16 and a beta of 0.76.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.08. International Business Machines had a return on equity of 38.51% and a net margin of 11.32%. The firm had revenue of $14.75 billion during the quarter, compared to analysts’ expectations of $14.73 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Analysts predict that International Business Machines Co. will post 9.45 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio is currently 88.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Royal Bank of Canada dropped their price target on International Business Machines from $188.00 to $179.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. BMO Capital Markets lifted their price target on International Business Machines from $152.00 to $155.00 and gave the company a “market perform” rating in a research report on Thursday, October 26th. Wedbush restated a “neutral” rating and set a $140.00 price target on shares of International Business Machines in a research report on Monday, November 13th. Finally, Morgan Stanley dropped their price target on International Business Machines from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 17th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $149.09.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.