International Business Machines Corporation $IBM Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,619 shares of the technology company’s stock after purchasing an additional 3,251 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in International Business Machines were worth $34,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family CFO Inc purchased a new stake in International Business Machines in the 4th quarter valued at $25,000. Joseph Group Capital Management purchased a new stake in International Business Machines in the 4th quarter valued at $28,000. SWAN Capital LLC purchased a new stake in International Business Machines in the 3rd quarter valued at $28,000. DecisionPoint Financial LLC raised its position in International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA purchased a new stake in International Business Machines in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM unveiled a more than $10 billion quantum computing investment plan, reinforcing its leadership in an emerging high-growth market. IBM to invest $10 billion for large-scale quantum computer by 2029
• Positive Sentiment: IBM and Red Hat launched Project Lightwell, a $5 billion push to secure open-source software with AI tools and 20,000 engineers, which could strengthen its enterprise security franchise. IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era
• Positive Sentiment: Wedbush reiterated an Outperform rating and raised its target to $320, signaling continued analyst confidence in IBM’s upside. IBM Is Chasing A ‘$1 Trillion Value Creation Engine’ — And It’s Spending $15 Billion To Get There

International Business Machines Stock Up 12.9%

Shares of International Business Machines stock opened at $298.26 on Friday. The company has a market cap of $280.33 billion, a P/E ratio of 26.37, a PEG ratio of 3.08 and a beta of 0.58. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a one year low of $212.34 and a one year high of $324.90. The firm has a fifty day moving average of $240.16 and a two-hundred day moving average of $270.98.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.60 EPS. On average, analysts forecast that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is currently 59.77%.

Analyst Upgrades and Downgrades

IBM has been the subject of several research reports. Citigroup initiated coverage on shares of International Business Machines in a research report on Friday, April 10th. They issued a “buy” rating and a $285.00 price target for the company. BMO Capital Markets reduced their price target on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. Oppenheimer reduced their price target on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Wedbush restated an “outperform” rating and set a $320.00 price objective on shares of International Business Machines in a research report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $294.41.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.