Bank Julius Baer & Co. Ltd Zurich Has $1.18 Million Position in International Business Machines Corporation (NYSE:IBM)

Bank Julius Baer & Co. Ltd Zurich lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 77.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,740 shares of the technology company's stock after selling 15,838 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in International Business Machines were worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock valued at $4,589,145,000 after acquiring an additional 427,499 shares in the last quarter. Capital World Investors increased its position in International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares during the period. Northern Trust Corp increased 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 purchasing an additional 1,704,209 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of International Business Machines by 9.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock valued at $1,783,281,000 after purchasing an additional 722,582 shares during the period. Finally, Norges Bank acquired a new position in shares of International Business Machines during the fourth quarter valued at $1,236,176,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBM has been the topic of a number of research analyst reports. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley lowered their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets raised their price target on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Wedbush lifted their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $268.75.

International Business Machines Stock Down 0.3%

Shares of IBM traded down $0.81 during midday trading on Friday, reaching $259.70. 7,751,998 shares of the stock were exchanged, compared to its average volume of 4,403,863. The company has a market cap of $241.36 billion, a price-to-earnings ratio of 42.16, a P/E/G ratio of 5.50 and a beta of 0.69. The firm has a 50 day simple moving average of $277.69 and a 200-day simple moving average of $256.04. International Business Machines Corporation has a 12-month low of $181.81 and a 12-month high of $296.16. The company has a quick ratio of 0.97, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the previous year, the company earned $2.43 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.59%. International Business Machines's payout ratio is 109.09%.

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.