Weil Company Inc. Increases Stock Holdings in International Business Machines Co. (NYSE:IBM)

Weil Company Inc. boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,804 shares of the technology company’s stock after buying an additional 80 shares during the quarter. Weil Company Inc.’s holdings in International Business Machines were worth $658,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its stake in shares of International Business Machines by 2.7% during the 4th quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock worth $637,000 after acquiring an additional 101 shares during the last quarter. Aveo Capital Partners LLC lifted its position in shares of International Business Machines by 3.6% during the fourth quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock worth $507,000 after purchasing an additional 109 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of International Business Machines by 6.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock valued at $386,000 after purchasing an additional 147 shares during the period. Principal Securities Inc. bought a new position in shares of International Business Machines in the fourth quarter worth about $2,473,000. Finally, Versor Investments LP bought a new position in shares of International Business Machines in the fourth quarter worth about $247,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $200.87 on Friday. International Business Machines Co. has a one year low of $135.87 and a one year high of $205.95. The company has a market capitalization of $184.52 billion, a PE ratio of 22.75, a P/E/G ratio of 4.50 and a beta of 0.71. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company has a 50-day simple moving average of $189.52 and a two-hundred day simple moving average of $182.51.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during 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%. International Business Machines’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.18 EPS. Research analysts expect that International Business Machines Co. will post 10.09 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be given a $1.67 dividend. The ex-dividend date is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.33%. International Business Machines’s payout ratio is 75.65%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on IBM shares. 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 boosted their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their price objective on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Jefferies Financial Group upped their target price on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $185.93.

International Business Machines Company 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.