International Business Machines Co. (NYSE:IBM) Shares Acquired by Headinvest LLC

Headinvest LLC grew its stake in International Business Machines Co. (NYSE:IBMGet Rating) by 40.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,457 shares of the technology company’s stock after purchasing an additional 1,582 shares during the quarter. Headinvest LLC’s holdings in International Business Machines were worth $729,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of International Business Machines by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,192,375 shares of the technology company’s stock valued at $2,030,611,000 after buying an additional 951,417 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of International Business Machines by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 15,018,006 shares of the technology company’s stock valued at $2,001,895,000 after purchasing an additional 261,118 shares during the period. Invesco Ltd. increased its stake in shares of International Business Machines by 2.0% in the third quarter. Invesco Ltd. now owns 5,855,779 shares of the technology company’s stock valued at $813,541,000 after purchasing an additional 114,014 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of International Business Machines by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,863,032 shares of the technology company’s stock valued at $649,994,000 after purchasing an additional 252,408 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of International Business Machines by 1.8% in the third quarter. Franklin Resources Inc. now owns 4,312,327 shares of the technology company’s stock valued at $599,103,000 after purchasing an additional 74,490 shares during the period. Institutional investors and hedge funds own 55.22% of the company’s stock.

A number of research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of International Business Machines from $148.00 to $152.00 and gave the company a “market perform” rating in a research note on Wednesday, April 20th. StockNews.com assumed coverage on shares of International Business Machines in a report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research note on Tuesday, April 5th. Morgan Stanley raised their price objective on shares of International Business Machines from $150.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. Finally, Credit Suisse Group raised their price objective on shares of International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 20th. One analyst has 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.69.

Shares of NYSE:IBM traded down $1.18 during trading on Friday, reaching $128.48. 6,914,458 shares of the company traded hands, compared to its average volume of 5,492,693. The firm has a fifty day simple moving average of $131.37 and a 200 day simple moving average of $128.57. The firm has a market cap of $115.56 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. International Business Machines Co. has a 1-year low of $114.56 and a 1-year high of $152.84. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.44.

International Business Machines (NYSE:IBMGet Rating) last issued its earnings results on Tuesday, April 19th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. International Business Machines had a net margin of 8.21% and a return on equity of 42.14%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.77 EPS. As a group, research analysts anticipate that International Business Machines Co. will post 9.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th will be issued a dividend of $1.65 per share. The ex-dividend date is Monday, May 9th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.14%. This is an increase from International Business Machines’s previous quarterly dividend of $1.64. International Business Machines’s dividend payout ratio (DPR) is currently 108.20%.

International Business Machines Company Profile (Get Rating)

International Business Machines Corporation 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, such as Red Hat, an enterprise open-source 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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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