American National Bank lifted its stake in International Business Machines Co. (NYSE:IBM – Get Rating) by 118.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,913 shares of the technology company’s stock after purchasing an additional 1,577 shares during the quarter. American National Bank’s holdings in International Business Machines were worth $410,000 at the end of the most recent reporting period.
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Several other hedge funds and other institutional investors have also recently made changes to their positions in IBM. Vanguard Group Inc. increased its holdings in shares of International Business Machines by 2.2% in the third quarter. Vanguard Group Inc. now owns 79,079,065 shares of the technology company’s stock valued at $9,395,384,000 after purchasing an additional 1,709,934 shares during the last quarter. FMR LLC grew its position in International Business Machines by 31.4% in the second quarter. FMR LLC now owns 5,107,664 shares of the technology company’s stock worth $721,150,000 after acquiring an additional 1,221,837 shares during the period. Barclays PLC grew its position in International Business Machines by 264.1% in the third quarter. Barclays PLC now owns 1,629,659 shares of the technology company’s stock worth $193,619,000 after acquiring an additional 1,182,046 shares during the period. Arrowstreet Capital Limited Partnership grew its position in International Business Machines by 35.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after acquiring an additional 1,163,790 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in International Business Machines by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after acquiring an additional 1,105,170 shares during the period. Institutional investors and hedge funds own 55.90% of the company’s stock.
International Business Machines Stock Down 1.0 %
International Business Machines stock traded down $1.25 during midday trading on Friday, reaching $123.45. The company’s stock had a trading volume of 3,477,660 shares, compared to its average volume of 4,697,898. International Business Machines Co. has a fifty-two week low of $115.54 and a fifty-two week high of $153.21. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.10. The company has a market cap of $111.98 billion, a P/E ratio of 70.85, a P/E/G ratio of 3.22 and a beta of 0.85. The business has a 50-day simple moving average of $135.05 and a 200-day simple moving average of $135.12.
International Business Machines (NYSE:IBM – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The technology company reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $3.61 by ($0.01). International Business Machines had a net margin of 2.71% and a return on equity of 41.24%. The business had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.38 billion. During the same quarter in the prior year, the business earned $3.35 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts expect that International Business Machines Co. will post 9.46 earnings per share for the current fiscal year.
International Business Machines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date was Thursday, February 9th. International Business Machines’s dividend payout ratio (DPR) is currently 375.00%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on IBM shares. Stifel Nicolaus raised their price target on International Business Machines from $140.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd. Moffett Nathanson upgraded International Business Machines from an “underperform” rating to a “market perform” rating and set a $140.00 price target for the company in a research report on Tuesday, January 24th. BMO Capital Markets raised their price target on International Business Machines from $148.00 to $155.00 and gave the stock a “market perform” rating in a research report on Thursday, January 26th. Morgan Stanley lowered their price target on International Business Machines from $148.00 to $143.00 in a research report on Thursday, January 26th. Finally, Citigroup lifted their target price on International Business Machines from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $142.73.
About International Business Machines
International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure and modernize their environments.
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