International Business Machines Co. (NYSE:IBM) Stock Holdings Increased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. raised its position in shares of International Business Machines Co. (NYSE:IBM) by 194.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,676 shares of the technology company’s stock after buying an additional 59,902 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in International Business Machines were worth $14,830,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. increased its stake 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 valued at $644,000 after buying an additional 54 shares during the period. Calamos Wealth Management LLC increased its position in International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after purchasing an additional 55 shares during the period. Avion Wealth raised its holdings in International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares during the last quarter. 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 purchasing an additional 59 shares during the period. Finally, Financial Security Advisor Inc. boosted its stake in shares of International Business Machines by 2.7% in 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 during the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IBM shares. Bank of America boosted their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Sanford C. Bernstein increased their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday. Wedbush upped their price objective on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $181.29.

International Business Machines Stock Up 0.6 %

Shares of IBM stock traded up $1.02 during trading hours on Friday, hitting $165.71. 3,399,807 shares of the company were exchanged, compared to its average volume of 4,979,017. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The business has a 50 day moving average of $186.15 and a two-hundred day moving average of $170.82. The company has a market capitalization of $152.22 billion, a PE ratio of 18.77, a PEG ratio of 4.05 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Analysts anticipate that International Business Machines Co. will post 9.92 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $1.67 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 4.03%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

International Business Machines Profile

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.