Main Street Research LLC Buys New Shares in International Business Machines Co. (NYSE:IBM)

Main Street Research LLC bought a new stake in International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,644 shares of the technology company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares during the last quarter. Morgan Stanley lifted its holdings in shares of International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after buying an additional 3,084,458 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after buying an additional 1,105,170 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of International Business Machines by 98,797.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after buying an additional 11,017,849 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after buying an additional 404,948 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 2.0 %

Shares of NYSE:IBM traded up $3.63 during midday trading on Tuesday, hitting $184.88. 2,785,322 shares of the stock were exchanged, compared to its average volume of 4,830,223. The stock has a market capitalization of $169.49 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The business’s 50-day moving average price is $188.62 and its 200 day moving average price is $168.13. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.60 earnings per share. Analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

Analyst Ratings Changes

IBM has been the subject of a number of research reports. Sanford C. Bernstein lifted their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Royal Bank of Canada raised their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, BMO Capital Markets raised their price target on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $178.08.

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.