International Business Machines Co. (NYSE:IBM) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL boosted its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 19.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 473,267 shares of the technology company's stock after buying an additional 76,516 shares during the period. Blair William & Co. IL owned approximately 0.05% of International Business Machines worth $81,851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in International Business Machines during the first quarter valued at approximately $26,000. ESL Trust Services LLC purchased a new stake in International Business Machines during the first quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in International Business Machines during the fourth quarter valued at approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company's stock valued at $38,000 after purchasing an additional 123 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.4 %

IBM traded up $0.81 during trading on Wednesday, hitting $214.94. 3,479,604 shares of the stock were exchanged, compared to its average volume of 4,229,614. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The firm has a market cap of $197.44 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 4.67 and a beta of 0.70. The firm has a 50 day simple moving average of $194.37 and a 200 day simple moving average of $183.78. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $218.84.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.18 EPS. As a group, equities analysts expect that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.11%. International Business Machines's dividend payout ratio (DPR) is presently 75.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, June 19th. Royal Bank of Canada upped their price objective on International Business Machines from $200.00 to $211.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. The Goldman Sachs Group assumed coverage on International Business Machines in a research report on Monday, June 24th. They set a "buy" rating and a $200.00 price objective on the stock. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets increased 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. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $188.60.

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.