Vanguard Personalized Indexing Management LLC Purchases 4,385 Shares of International Business Machines Corporation $IBM

Vanguard Personalized Indexing Management LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,028 shares of the technology company’s stock after acquiring an additional 4,385 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in International Business Machines were worth $39,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Family CFO Inc bought a new stake in shares of International Business Machines in the 4th quarter valued at about $25,000. Basepoint Wealth LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $25,000. Joseph Group Capital Management bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $28,000. Cornerstone Financial Management LLC purchased a new position in International Business Machines during the fourth quarter valued at approximately $28,000. Finally, SWAN Capital LLC bought a new position in International Business Machines in the third quarter worth approximately $28,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of IBM opened at $271.77 on Monday. The company has a 50 day moving average of $250.02 and a two-hundred day moving average of $270.10. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The company has a market cap of $255.43 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts predict that International Business Machines Corporation will post 12.38 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.5%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is currently 59.77%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of analyst reports. Stifel Nicolaus set a $290.00 target price on International Business Machines in a report on Friday, May 22nd. Morgan Stanley boosted their price target on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Citigroup raised their price objective on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.