International Business Machines Co. (NYSE:IBM) Shares Bought by Lantz Financial LLC

Lantz Financial LLC grew its stake in International Business Machines Co. (NYSE:IBM) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,828 shares of the technology company’s stock after acquiring an additional 311 shares during the quarter. Lantz Financial LLC’s holdings in International Business Machines were worth $2,259,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. boosted its holdings in International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after purchasing an additional 80,474 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after acquiring an additional 57,170 shares during the last quarter. Tsfg LLC grew its position in International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares during the period. Auxano Advisors LLC increased its stake in International Business Machines by 4.8% during the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 156 shares during the last quarter. Finally, Waverly Advisors LLC raised its position in International Business Machines by 48.1% in the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock valued at $2,763,000 after purchasing an additional 6,397 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BNP Paribas began coverage on International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. JPMorgan Chase & Co. lowered their target price on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Financial Group lowered their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets decreased their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $181.29.

International Business Machines Stock Down 1.0 %

IBM traded down $1.66 on Friday, hitting $172.26. 3,224,796 shares of the company were exchanged, compared to its average volume of 4,541,618. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market cap of $158.24 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 4.21 and a beta of 0.72. The firm has a 50-day moving average price of $171.11 and a two-hundred day moving average price of $175.93. International Business Machines Co. has a twelve month low of $129.18 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $1.67 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Thursday, May 9th. International Business Machines’s payout ratio is 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.