Massmutual Trust Co. FSB ADV Acquires 1,513 Shares of International Business Machines Co. (NYSE:IBM)

Massmutual Trust Co. FSB ADV lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 23.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,093 shares of the technology company’s stock after acquiring an additional 1,513 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in International Business Machines were worth $1,400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in International Business Machines during the 1st quarter worth approximately $26,000. ESL Trust Services LLC acquired a new position in International Business Machines in the 1st quarter valued at $28,000. Naples Money Management LLC acquired a new position in International Business Machines in the 4th quarter valued at $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the 4th quarter valued at $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines in the 4th quarter valued at $31,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.9 %

Shares of NYSE IBM traded up $3.49 during trading on Tuesday, reaching $186.80. The company had a trading volume of 3,627,417 shares, compared to its average volume of 4,424,676. The company’s fifty day moving average price is $176.89 and its 200-day moving average price is $180.38. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $199.18. The stock has a market cap of $172.07 billion, a P/E ratio of 21.16, a PEG ratio of 4.24 and a beta of 0.71. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.18 EPS. As a group, research analysts expect that International Business Machines Co. will post 10.06 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. UBS Group lifted their price objective on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. BMO Capital Markets boosted their price target on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Morgan Stanley lowered their price target on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, BNP Paribas initiated coverage on International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Three research 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. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average price target of $184.93.

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.