Howland Capital Management LLC Acquires 84 Shares of International Business Machines Co. (NYSE:IBM)

Howland Capital Management LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 1.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,319 shares of the technology company’s stock after buying an additional 84 shares during the quarter. Howland Capital Management LLC’s holdings in International Business Machines were worth $1,589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Desjardins Global Asset Management Inc. lifted its position in shares of International Business Machines by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after purchasing an additional 54 shares in the last quarter. Arden Trust Co raised its holdings in International Business Machines by 2.8% in the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after acquiring an additional 54 shares in the last quarter. Calamos Wealth Management LLC raised its holdings in International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after acquiring an additional 55 shares in the last quarter. Avion Wealth raised its holdings in International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after acquiring an additional 56 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in International Business Machines by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock valued at $1,309,000 after acquiring an additional 58 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IBM has been the topic of several recent analyst reports. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Thursday, May 16th. BMO Capital Markets lowered their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. UBS Group raised their target price on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group started coverage on shares of International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $182.53.

International Business Machines Price Performance

IBM traded up $0.45 during midday trading on Thursday, reaching $178.29. 2,806,788 shares of the company’s stock were exchanged, compared to its average volume of 4,450,637. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock has a market capitalization of $163.78 billion, a PE ratio of 20.21, a P/E/G ratio of 4.38 and a beta of 0.71. The business’s 50-day moving average price is $170.54 and its 200 day moving average price is $177.29. International Business Machines Co. has a 1-year low of $132.57 and a 1-year high of $199.18.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.75%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. International Business Machines’s payout ratio is presently 75.65%.

International Business Machines 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.