St. Louis Financial Planners Boosts IBM Holdings by 34.6% in Q2

St. Louis Financial Planners Asset Management LLC increased its holdings in International Business Machines Corporation (IBM) by 34.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,234 shares of IBM's stock after buying an additional 3,659 shares during the period. This represents a significant increase in the company's holdings, with IBM making up 2.1% of St. Louis Financial Planners Asset Management LLC's portfolio.

Other institutional investors have also added to their stakes in IBM. Norges Bank purchased a new stake in shares of International Business Machines during the fourth quarter worth approximately $2,446,429,000. Capital World Investors raised its position in shares of IBM by 29.2% in the 4th quarter and now owns 22,021,912 shares valued at $6,523,720,000.

IBM's stock opened at $233.52 on Friday, with a market capitalization of $220.01 billion and a P/E ratio of 20.72. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79, and a quick ratio of 0.74.