International Business Machines Co. (NYSE:IBM) Shares Acquired by Values Added Financial LLC

Values Added Financial LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,030 shares of the technology company’s stock after acquiring an additional 105 shares during the period. Values Added Financial LLC’s holdings in International Business Machines were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Norges Bank acquired a new stake in International Business Machines in the fourth quarter valued at $1,019,009,000. Vanguard Group Inc. grew its stake in International Business Machines by 6.7% in the first quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock worth $16,833,642,000 after purchasing an additional 5,546,855 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in International Business Machines by 151.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock valued at $671,352,000 after buying an additional 2,118,165 shares in the last quarter. Capital Wealth Planning LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $172,887,000. Finally, National Bank of Canada FI lifted its stake in International Business Machines by 79.4% during the first quarter. National Bank of Canada FI now owns 922,496 shares of the technology company’s stock worth $176,160,000 after purchasing an additional 408,230 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IBM shares. Stifel Nicolaus lifted their price target on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their price objective on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Royal Bank of Canada lifted their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets upped their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $184.93.

International Business Machines Stock Up 1.6 %

Shares of IBM traded up $3.23 during midday trading on Friday, reaching $202.13. 4,750,999 shares of the stock were exchanged, compared to its average volume of 4,243,869. The company has a market cap of $185.68 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 4.24 and a beta of 0.71. The firm has a 50 day simple moving average of $185.98 and a 200-day simple moving average of $181.83. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $202.17. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last issued 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 firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’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 earnings per share. Research analysts forecast that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Announces Dividend

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