From MarketBeat.:



Meridian Wealth Management LLC has increased its shares of International Business Machines Co. by 87.4% during the 3rd quarter, reaching 87,212 shares worth $12,237,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors have also made moves with IBM lately. Stock ratings on IBM have varied recently, with seven research analysts giving the stock a hold rating and five giving it a buy rating. Additionally, the company will pay shareholders a quarterly dividend.

IBM stock was up 0.8% during trading on Monday, trading at $162.14. The company recently beat analysts’ estimates in its earnings report; it is forecasted to post 9.45 earnings per share for the current year.

The company also recently announced a quarterly dividend. International Business Machines Corporation, a software, consulting, infrastructure, and financing company, currently has a hold rating among analysts.



Read more: International Business Machines Co. (NYSE:IBM) Shares Purchased by Meridian Wealth Management LLC