Integral Investment Advisors Inc. Makes New Investment in International Business Machines Co. (NYSE:IBM)

Integral Investment Advisors Inc. bought a new position in shares of International Business Machines Co. (NYSE:IBM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,503 shares of the technology company’s stock, valued at approximately $257,000.

A number of other large investors have also made changes to their positions in IBM. Gilbert & Cook Inc. raised its position in shares of International Business Machines by 2.7% during the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock valued at $637,000 after buying an additional 101 shares during the last quarter. Mather Group LLC. increased its stake in International Business Machines by 5.5% in the fourth quarter. Mather Group LLC. now owns 5,008 shares of the technology company’s stock valued at $819,000 after acquiring an additional 262 shares during the period. Van ECK Associates Corp increased its stake in International Business Machines by 6.0% in the fourth quarter. Van ECK Associates Corp now owns 138,801 shares of the technology company’s stock valued at $22,701,000 after acquiring an additional 7,837 shares during the period. Certuity LLC increased its stake in International Business Machines by 7.2% in the fourth quarter. Certuity LLC now owns 1,883 shares of the technology company’s stock valued at $308,000 after acquiring an additional 126 shares during the period. Finally, Pekin Hardy Strauss Inc. increased its stake in International Business Machines by 2.6% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 5,811 shares of the technology company’s stock valued at $950,000 after acquiring an additional 150 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 traded up $3.23 during midday trading on Friday, reaching $202.13. The stock had a trading volume of 4,750,999 shares, compared to its average volume of 4,243,869. The firm has a 50 day simple moving average of $185.98 and a 200-day simple moving average of $181.83. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The firm has a market cap of $185.68 billion, a PE ratio of 22.88, a P/E/G ratio of 4.24 and a beta of 0.71. International Business Machines Co. has a one year low of $135.87 and a one year high of $202.17.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.18 EPS. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio is presently 75.65%.

Wall Street Analyst Weigh In

Several analysts have weighed in on IBM shares. Stifel Nicolaus upped their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a research note on Monday, June 24th. They set a “buy” rating and a $200.00 price objective on the stock. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Finally, Royal Bank of Canada increased their price target on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $184.93.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.