Asset Management One Co. Ltd. Raises Stock Position in International Business Machines Corporation (NYSE:IBM)

Asset Management One Co. Ltd. grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 525,326 shares of the technology company's stock after purchasing an additional 22,840 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of International Business Machines worth $130,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital World Investors increased its holdings in shares of International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after acquiring an additional 9,650,534 shares in the last quarter. Norges Bank bought a new stake in International Business Machines during the 4th quarter valued at $1,236,176,000. GAMMA Investing LLC raised its holdings in International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after buying an additional 4,384,958 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of International Business Machines in the fourth quarter valued at $592,746,000. Finally, Northern Trust Corp grew its holdings in shares of International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after buying an additional 1,704,209 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM traded down $2.41 during trading hours on Wednesday, hitting $291.38. The stock had a trading volume of 3,855,195 shares, compared to its average volume of 4,217,302. The stock has a market cap of $270.81 billion, a PE ratio of 50.15, a price-to-earnings-growth ratio of 6.07 and a beta of 0.66. International Business Machines Corporation has a 1 year low of $170.41 and a 1 year high of $296.07. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The company's fifty day simple moving average is $259.78 and its 200 day simple moving average is $246.40.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company's revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $1.68 earnings per share. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.31%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush raised their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. UBS Group reiterated a "sell" rating and set a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Bank of America increased their target price on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average target price of $253.75.

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.