International Business Machines Co. (NYSE:IBM) Stock Position Increased by Montag A & Associates Inc.

Montag A & Associates Inc. lifted its holdings in International Business Machines Co. (NYSE:IBM) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,300 shares of the technology company’s stock after purchasing an additional 175 shares during the period. Montag A & Associates Inc.’s holdings in International Business Machines were worth $2,993,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IBM. Naples Money Management LLC acquired a new position in International Business Machines in the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines during the 3rd quarter worth about $31,000. Stone House Investment Management LLC grew its stake in International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. lifted its position in shares of International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Finally, Cordant Inc. boosted its holdings in shares of International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on IBM. Morgan Stanley decreased their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada raised their target price on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $181.29.

International Business Machines Stock Performance

NYSE IBM traded down $3.60 during midday trading on Thursday, hitting $166.30. The company had a trading volume of 4,266,007 shares, compared to its average volume of 4,926,219. The firm has a fifty day simple moving average of $184.80 and a two-hundred day simple moving average of $171.86. The stock has a market cap of $152.76 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 4.08 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $14.53 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $1.67 dividend. 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 4.02%. The ex-dividend date is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.