YHB Investment Advisors Inc. boosted its stake in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 18.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,912 shares of the technology company’s stock after acquiring an additional 460 shares during the quarter. YHB Investment Advisors Inc.’s holdings in International Business Machines were worth $411,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of International Business Machines by 1.9% during the first quarter. Vanguard Group Inc. now owns 77,002,099 shares of the technology company’s stock worth $10,011,813,000 after purchasing an additional 1,448,444 shares during the period. BlackRock Inc. raised its position in International Business Machines by 1.7% in the 1st quarter. BlackRock Inc. now owns 66,591,742 shares of the technology company’s stock valued at $8,658,261,000 after buying an additional 1,139,368 shares during the last quarter. State Street Corp increased its position in shares of International Business Machines by 1.3% during the 1st quarter. State Street Corp now owns 53,755,675 shares of the technology company’s stock worth $6,989,313,000 after purchasing an additional 706,994 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of International Business Machines by 7.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after purchasing an additional 1,105,170 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $1,025,028,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.
International Business Machines Stock Up 0.3 %
Shares of NYSE:IBM opened at $125.31 on Friday. The business’s 50 day simple moving average is $130.85 and its two-hundred day simple moving average is $132.93. The firm has a market cap of $113.18 billion, a P/E ratio of 20.34, a PEG ratio of 1.91 and a beta of 0.84. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.82 and a current ratio of 0.88. International Business Machines Co. has a 52-week low of $114.56 and a 52-week high of $146.00.
International Business Machines Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Tuesday, August 9th. International Business Machines’s payout ratio is 107.14%.
Insider Activity at International Business Machines
In other International Business Machines news, Director David N. Farr purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was bought at an average cost of $125.00 per share, with a total value of $125,000.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $125,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on IBM. Credit Suisse Group boosted their price target on International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. BMO Capital Markets reduced their target price on International Business Machines from $152.00 to $148.00 in a research note on Tuesday, July 19th. Morgan Stanley reduced their target price on International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Societe Generale reduced their target price on International Business Machines to $129.00 in a research note on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $145.18.
About International Business Machines
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.
- Get a free copy of the StockNews.com research report on International Business Machines (IBM)
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