Longbow Finance SA Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

Longbow Finance SA lifted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,785 shares of the technology company's stock after purchasing an additional 1,221 shares during the quarter. Longbow Finance SA's holdings in International Business Machines were worth $5,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Canton Hathaway LLC raised its position in International Business Machines by 14.1% in the 4th quarter. Canton Hathaway LLC now owns 1,621 shares of the technology company's stock valued at $356,000 after buying an additional 200 shares during the last quarter. Todd Asset Management LLC boosted its stake in shares of International Business Machines by 1.6% during the 4th quarter. Todd Asset Management LLC now owns 236,780 shares of the technology company's stock worth $52,051,000 after acquiring an additional 3,739 shares during the period. FourThought Financial Partners LLC bought a new position in shares of International Business Machines during the 4th quarter worth approximately $610,000. Commonwealth Retirement Investments LLC boosted its stake in shares of International Business Machines by 2.9% during the 4th quarter. Commonwealth Retirement Investments LLC now owns 16,317 shares of the technology company's stock worth $3,587,000 after acquiring an additional 456 shares during the period. Finally, Wrapmanager Inc. bought a new stake in International Business Machines in the 4th quarter valued at $927,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Down 1.8 %

Shares of International Business Machines stock traded down $4.75 on Tuesday, hitting $257.12. 6,292,116 shares of the company's stock traded hands, compared to its average volume of 4,769,297. The company has a fifty day moving average of $236.49 and a two-hundred day moving average of $223.25. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company has a market capitalization of $237.74 billion, a price-to-earnings ratio of 40.11, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, sell-side analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IBM shares. Morgan Stanley boosted their price target on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Sanford C. Bernstein boosted their price target on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Oppenheimer assumed coverage on International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective on the stock. Finally, Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus price target of $231.44.

International Business Machines Company 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.