Waldron Private Wealth LLC Has $1.34 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Waldron Private Wealth LLC lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,751 shares of the technology company’s stock after selling 490 shares during the period. Waldron Private Wealth LLC’s holdings in International Business Machines were worth $1,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Gilbert & Cook Inc. increased its stake in International Business Machines by 2.7% during the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock valued at $637,000 after acquiring an additional 101 shares during the period. Fisher Asset Management LLC grew its stake in shares of International Business Machines by 8.2% in the 4th quarter. Fisher Asset Management LLC now owns 20,476 shares of the technology company’s stock valued at $3,349,000 after purchasing an additional 1,559 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of International Business Machines by 57.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 81,945 shares of the technology company’s stock valued at $13,402,000 after purchasing an additional 30,059 shares during the period. Aveo Capital Partners LLC lifted its stake in shares of International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock valued at $507,000 after purchasing an additional 109 shares during the period. Finally, Summit Global Investments lifted its stake in shares of International Business Machines by 29.4% in the 4th quarter. Summit Global Investments now owns 2,169 shares of the technology company’s stock valued at $355,000 after purchasing an additional 493 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on IBM. The Goldman Sachs Group began coverage on shares of International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective for the company. BMO Capital Markets upped their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Jefferies Financial Group upped their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $184.93.

International Business Machines Stock Up 1.6 %

Shares of NYSE IBM traded up $3.23 during mid-day trading on Friday, hitting $202.13. The company had a trading volume of 4,750,999 shares, compared to its average volume of 2,830,863. The company has a market capitalization of $186.19 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 4.50 and a beta of 0.71. The firm has a 50-day simple moving average of $186.57 and a two-hundred day simple moving average of $181.93. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a one year low of $135.87 and a one year high of $202.17.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion during 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%. International Business Machines’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 EPS. On average, equities analysts expect that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.30%. International Business Machines’s dividend payout ratio (DPR) is currently 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.