1,128 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Altiora Financial Group LLC

Altiora Financial Group LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,128 shares of the technology company’s stock, valued at approximately $215,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of International Business Machines during the 4th quarter worth $1,019,009,000. International Assets Investment Management LLC boosted its holdings in International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after acquiring an additional 2,636,386 shares during the period. Morgan Stanley grew its position in shares of International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the last quarter. Capital Wealth Planning LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $172,887,000. Finally, Junto Capital Management LP acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $62,020,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. BNP Paribas began coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of International Business Machines in a report on Wednesday, May 22nd. Finally, Bank of America increased their target price on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $182.53.

International Business Machines Price Performance

NYSE:IBM traded down $1.57 during mid-day trading on Wednesday, reaching $175.73. 1,647,300 shares of the company were exchanged, compared to its average volume of 4,520,561. International Business Machines Co. has a 12 month low of $131.55 and a 12 month high of $199.18. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The company has a fifty day moving average of $169.72 and a 200 day moving average of $176.76. The stock has a market cap of $161.43 billion, a PE ratio of 19.98, a PEG ratio of 4.27 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. On average, research analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were issued a dividend of $1.67 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.80%. The ex-dividend date was Thursday, May 9th. International Business Machines’s payout ratio is currently 75.65%.

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.