Meristem Family Wealth LLC Has $907,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Meristem Family Wealth LLC trimmed its position in International Business Machines Co. (NYSE:IBMGet Rating) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,789 shares of the technology company’s stock after selling 592 shares during the quarter. Meristem Family Wealth LLC’s holdings in International Business Machines were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of IBM. Geode Capital Management LLC increased its position in International Business Machines by 2.7% during the third quarter. Geode Capital Management LLC now owns 14,756,888 shares of the technology company’s stock worth $2,044,535,000 after acquiring an additional 392,308 shares during the period. Invesco Ltd. increased its position in International Business Machines by 2.0% during the third quarter. Invesco Ltd. now owns 5,855,779 shares of the technology company’s stock worth $813,541,000 after acquiring an additional 114,014 shares during the period. Dimensional Fund Advisors LP increased its position in International Business Machines by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,863,032 shares of the technology company’s stock worth $649,994,000 after acquiring an additional 252,408 shares during the period. Franklin Resources Inc. increased its position in International Business Machines by 1.8% during the third quarter. Franklin Resources Inc. now owns 4,312,327 shares of the technology company’s stock worth $599,103,000 after acquiring an additional 74,490 shares during the period. Finally, First Trust Advisors LP increased its position in International Business Machines by 15.0% during the fourth quarter. First Trust Advisors LP now owns 3,624,730 shares of the technology company’s stock worth $484,481,000 after acquiring an additional 472,362 shares during the period. Institutional investors and hedge funds own 55.22% of the company’s stock.

A number of equities analysts recently issued reports on IBM shares. StockNews.com started coverage on shares of International Business Machines in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a report on Tuesday, April 5th. Tigress Financial boosted their price target on shares of International Business Machines from $133.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. Morgan Stanley boosted their price target on shares of International Business Machines from $150.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Finally, BMO Capital Markets boosted their price target on shares of International Business Machines from $148.00 to $152.00 and gave the company a “market perform” rating in a report on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $146.69.

Shares of IBM traded up $0.70 during trading hours on Friday, hitting $133.60. The stock had a trading volume of 4,195,218 shares, compared to its average volume of 6,342,452. The company’s fifty day moving average is $130.56 and its two-hundred day moving average is $128.32. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.92 and a quick ratio of 0.87. International Business Machines Co. has a 52 week low of $114.56 and a 52 week high of $152.84. The stock has a market capitalization of $120.16 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.47 and a beta of 1.01.

International Business Machines (NYSE:IBMGet Rating) last posted its earnings results on Tuesday, April 19th. The technology company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $14.20 billion for 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 firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 EPS. Equities analysts predict that International Business Machines Co. will post 9.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 10th will be given a dividend of $1.65 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.64. The ex-dividend date is Monday, May 9th. This represents a $6.60 annualized dividend and a yield of 4.94%. International Business Machines’s dividend payout ratio is 108.20%.

About International Business Machines (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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