Fulton Breakefield Broenniman LLC Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Fulton Breakefield Broenniman LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,697 shares of the technology company’s stock after buying an additional 212 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in International Business Machines were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Desjardins Global Asset Management Inc. lifted its position in shares of International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after purchasing an additional 54 shares during the period. Calamos Wealth Management LLC lifted its position in International Business Machines by 2.8% during the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after acquiring an additional 55 shares during the period. Avion Wealth lifted its position in International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after acquiring an additional 56 shares during the period. Northwest Capital Management Inc lifted its position in International Business Machines by 5.0% during the 4th quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock valued at $201,000 after acquiring an additional 59 shares during the period. Finally, Financial Security Advisor Inc. increased its stake in International Business Machines by 2.7% during the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IBM shares. JPMorgan Chase & Co. reduced their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday. Sanford C. Bernstein lifted their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Wedbush boosted their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group dropped their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $184.08.

International Business Machines Stock Down 1.1 %

International Business Machines stock traded down $1.78 during midday trading on Friday, hitting $167.13. 8,983,796 shares of the company’s stock were exchanged, compared to its average volume of 3,906,041. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The firm has a 50-day moving average of $187.60 and a two-hundred day moving average of $170.15. The company has a market cap of $153.21 billion, a PE ratio of 18.94, a P/E/G ratio of 3.33 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same period last year, the business earned $1.36 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, analysts expect that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 75.20%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.