Tokio Marine Asset Management Co. Ltd. Acquires 1,294 Shares of International Business Machines Co. (NYSE:IBM)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,601 shares of the technology company’s stock after acquiring an additional 1,294 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in International Business Machines were worth $3,369,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vontobel Holding Ltd. lifted its holdings in International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after acquiring an additional 80,474 shares during the period. Natixis Advisors L.P. raised its stake in shares of International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after buying an additional 57,170 shares during the period. Herold Advisors Inc. raised its stake in shares of International Business Machines by 3.2% in the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after buying an additional 688 shares during the period. Tsfg LLC raised its stake in shares of International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after buying an additional 109 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of International Business Machines in the third quarter valued at $661,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

IBM stock traded up $1.82 during mid-day trading on Wednesday, hitting $184.01. 7,569,395 shares of the stock were exchanged, compared to its average volume of 4,806,687. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The business has a fifty day moving average price of $188.36 and a 200 day moving average price of $169.98. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The stock has a market capitalization of $168.69 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 3.57 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is currently 81.67%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group lowered their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. UBS Group lifted their price target on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday. 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, Societe Generale reiterated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $177.23.

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.