Mariner LLC Boosts Stock Holdings in International Business Machines Corporation $IBM

Mariner LLC lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 515,037 shares of the technology company’s stock after acquiring an additional 17,948 shares during the quarter. Mariner LLC’s holdings in International Business Machines were worth $152,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. CVA Family Office LLC grew its stake in shares of International Business Machines by 1.4% during the fourth quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock worth $708,000 after purchasing an additional 33 shares in the last quarter. Foster Group Inc. grew its stake in shares of International Business Machines by 1.3% during the fourth quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after purchasing an additional 33 shares in the last quarter. New Covenant Trust Company N.A. grew its stake in shares of International Business Machines by 3.8% during the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock worth $264,000 after purchasing an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. grew its stake in shares of International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock worth $798,000 after purchasing an additional 33 shares in the last quarter. Finally, Altman Advisors Inc. grew its stake in shares of International Business Machines by 0.3% during the third quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company’s stock worth $2,802,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IBM shares. HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $218.00 to $231.00 in a research note on Tuesday, April 28th. Citigroup boosted their target price on shares of International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group lowered their target price on shares of International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Finally, Barclays started coverage on shares of International Business Machines in a research note on Monday, June 1st. They set an “overweight” rating and a $350.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.17.

International Business Machines Stock Performance

NYSE IBM opened at $271.77 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46. The company has a market capitalization of $255.43 billion, a PE ratio of 24.03, a P/E/G ratio of 2.82 and a beta of 0.66. The company has a fifty day moving average of $250.02 and a two-hundred day moving average of $270.10.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. International Business Machines’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts expect that International Business Machines Corporation will post 12.38 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.5%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. International Business Machines’s payout ratio is currently 59.77%.

International Business Machines Company 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.