Todd Asset Management LLC Has $52.05 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Todd Asset Management LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,780 shares of the technology company's stock after acquiring an additional 3,739 shares during the quarter. International Business Machines accounts for 1.2% of Todd Asset Management LLC's portfolio, making the stock its 20th largest position. Todd Asset Management LLC's holdings in International Business Machines were worth $52,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Holocene Advisors LP acquired a new stake in shares of International Business Machines during the 3rd quarter worth about $573,306,000. State Street Corp increased its holdings in shares of International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after buying an additional 1,200,803 shares in the last quarter. KBC Group NV raised its stake in shares of International Business Machines by 90.4% in the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after acquiring an additional 800,930 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of International Business Machines by 23,311.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock worth $153,262,000 after acquiring an additional 694,204 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in International Business Machines by 587.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock worth $134,262,000 after acquiring an additional 536,785 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. UBS Group raised their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $231.44.

International Business Machines Trading Down 1.8 %

NYSE IBM traded down $4.75 on Tuesday, reaching $257.12. The company had a trading volume of 6,292,116 shares, compared to its average volume of 4,769,297. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The stock's 50 day moving average is $236.49 and its 200-day moving average is $223.25. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market cap of $237.74 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. Equities analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued 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 104.21%.

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.