International Business Machines Co. (NYSE:IBM) Shares Bought by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC increased its stake in International Business Machines Co. (NYSE:IBM) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,137 shares of the technology company’s stock after purchasing an additional 127 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in International Business Machines were worth $2,127,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Desjardins Global Asset Management Inc. raised its holdings in 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 position 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 worth $377,000 after acquiring an additional 54 shares in the last quarter. Calamos Wealth Management LLC boosted its position in shares of International Business Machines by 2.8% during the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after purchasing an additional 55 shares in the last quarter. Avion Wealth grew its stake in shares of International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of International Business Machines by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 1.1 %

Shares of NYSE IBM traded down $1.97 during trading hours on Friday, hitting $183.26. The stock had a trading volume of 3,814,353 shares, compared to its average volume of 4,420,997. The firm’s 50-day moving average price is $172.83 and its two-hundred day moving average price is $178.18. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $199.18. The company has a market capitalization of $168.34 billion, a P/E ratio of 20.75, a P/E/G ratio of 4.63 and a beta of 0.71. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts anticipate that International Business Machines Co. will post 9.89 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.65%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. International Business Machines’s dividend payout ratio is presently 75.65%.

Wall Street Analyst Weigh In

Several research firms have issued reports on IBM. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of International Business Machines in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. decreased their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Wedbush boosted their price objective on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a report on Thursday, May 16th. Finally, The Goldman Sachs Group began coverage on shares of International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price target on the stock. Three investment 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.com, International Business Machines has a consensus rating of “Hold” and a consensus price target of $182.53.

About International Business Machines

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.