Vanguard Personalized Indexing Management LLC Raises Holdings in International Business Machines Co. (NYSE:IBM)

Vanguard Personalized Indexing Management LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,637 shares of the technology company’s stock after purchasing an additional 4,578 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in International Business Machines were worth $12,731,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in IBM. Vanguard Group Inc. grew its holdings in International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after buying an additional 5,546,855 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in International Business Machines by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,796,206 shares of the technology company’s stock valued at $829,431,000 after buying an additional 304,390 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in International Business Machines by 151.6% in the 1st 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. LSV Asset Management grew its holdings in International Business Machines by 4.8% in the 1st quarter. LSV Asset Management now owns 1,788,047 shares of the technology company’s stock valued at $341,445,000 after buying an additional 81,887 shares in the last quarter. Finally, Capital Wealth Planning LLC grew its holdings in International Business Machines by 8.8% in the 2nd quarter. Capital Wealth Planning LLC now owns 1,578,660 shares of the technology company’s stock valued at $273,029,000 after buying an additional 127,892 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on IBM shares. Royal Bank of Canada upped their price target on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. The Goldman Sachs Group started coverage on International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 price target on the stock. UBS Group upped their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Jefferies Financial Group upped their price target on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus increased their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $188.60.

International Business Machines Trading Down 1.4 %

IBM opened at $214.13 on Wednesday. International Business Machines Co. has a one year low of $135.87 and a one year high of $218.84. The company has a market cap of $196.70 billion, a P/E ratio of 24.25, a PEG ratio of 4.67 and a beta of 0.70. 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 business’s 50-day simple moving average is $194.37 and its 200-day simple moving average is $183.78.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the business posted $2.18 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.12%. International Business Machines’s dividend payout ratio 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.