DMC Group LLC Acquires 765 Shares of International Business Machines Co. (NYSE:IBM)

DMC Group LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 34.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,997 shares of the technology company’s stock after acquiring an additional 765 shares during the period. DMC Group LLC’s holdings in International Business Machines were worth $401,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IBM. Pitcairn Co. boosted its stake in shares of International Business Machines by 33.8% in the 1st quarter. Pitcairn Co. now owns 5,888 shares of the technology company’s stock valued at $772,000 after purchasing an additional 1,488 shares in the last quarter. Skba Capital Management LLC raised its stake in shares of International Business Machines by 4.5% in the first quarter. Skba Capital Management LLC now owns 123,800 shares of the technology company’s stock valued at $16,229,000 after acquiring an additional 5,320 shares during the last quarter. American National Bank increased its holdings in International Business Machines by 4.8% during the 1st quarter. American National Bank now owns 3,054 shares of the technology company’s stock valued at $400,000 after purchasing an additional 141 shares in the last quarter. TIAA FSB grew its holdings in shares of International Business Machines by 72.2% during the first quarter. TIAA FSB now owns 169,994 shares of the technology company’s stock worth $22,285,000 after purchasing an additional 71,263 shares during the last quarter. Finally, Argent Trust Co grew its holdings in International Business Machines by 8.6% during the 1st quarter. Argent Trust Co now owns 100,122 shares of the technology company’s stock worth $13,125,000 after acquiring an additional 7,889 shares during the last quarter. Institutional investors own 56.16% of the company’s stock.

International Business Machines Stock Up 0.7 %

IBM traded up $0.96 during trading on Tuesday, reaching $146.05. 1,902,664 shares of the stock were exchanged, compared to its average volume of 4,528,032. The stock has a market cap of $133.05 billion, a P/E ratio of 67.18, a price-to-earnings-growth ratio of 3.71 and a beta of 0.85. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.01 and a current ratio of 1.06. The stock’s 50 day moving average price is $142.59 and its two-hundred day moving average price is $133.71. International Business Machines Co. has a twelve month low of $115.54 and a twelve month high of $153.21.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.18. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. The business had revenue of $15.48 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter last year, the company posted $2.31 earnings per share. International Business Machines’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts expect that International Business Machines Co. will post 9.43 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend was Wednesday, August 9th. International Business Machines’s payout ratio is presently 307.41%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IBM shares. BMO Capital Markets boosted their price objective on shares of International Business Machines from $145.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday, July 17th. Bank of America lifted their price objective on International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Stifel Nicolaus raised their target price on shares of International Business Machines from $140.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, JPMorgan Chase & Co. initiated coverage on International Business Machines in a research note on Friday, July 7th. They issued a “neutral” rating and a $145.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $142.91.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, 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; 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.