International Business Machines Co. (NYSE:IBM) Shares Acquired by Anderson Hoagland & Co.

Anderson Hoagland & Co. lifted its position in International Business Machines Co. (NYSE:IBM - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,593 shares of the technology company's stock after purchasing an additional 1,953 shares during the period. International Business Machines comprises about 1.2% of Anderson Hoagland & Co.'s portfolio, making the stock its 28th biggest holding. Anderson Hoagland & Co.'s holdings in International Business Machines were worth $9,348,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. Compass Financial Services Inc purchased a new stake in International Business Machines in the 4th quarter worth $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new position in shares of International Business Machines during the 4th quarter worth about $35,000. Tacita Capital Inc lifted its stake in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after buying an additional 122 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in International Business Machines in the 4th quarter worth about $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.1%

NYSE:IBM traded up $0.14 on Wednesday, reaching $265.34. The company's stock had a trading volume of 2,587,470 shares, compared to its average volume of 4,209,819. International Business Machines Co. has a 12-month low of $163.88 and a 12-month high of $269.28. The stock has a 50 day moving average price of $247.02 and a 200 day moving average price of $240.81. The firm has a market cap of $246.61 billion, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines's revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. On average, equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.53%. International Business Machines's dividend payout ratio is currently 115.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Royal Bank of Canada boosted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Oppenheimer assumed coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $249.06.

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.