International Business Machines Co. (NYSE:IBM) Shares Bought by Bremer Bank National Association

Bremer Bank National Association boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,727 shares of the technology company's stock after purchasing an additional 2,730 shares during the quarter. International Business Machines makes up 1.2% of Bremer Bank National Association's investment portfolio, making the stock its 27th biggest holding. Bremer Bank National Association's holdings in International Business Machines were worth $6,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the 4th quarter worth about $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $35,000. Tacita Capital Inc boosted its position in shares of 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 purchasing an additional 122 shares during the period. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Finally, Morgan Stanley cut their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, International Business Machines has a consensus rating of "Hold" and a consensus target price of $249.06.

International Business Machines Trading Up 0.5%

Shares of IBM stock traded up $1.23 during mid-day trading on Thursday, hitting $266.75. 2,563,022 shares of the company's stock were exchanged, compared to its average volume of 4,210,055. International Business Machines Co. has a fifty-two week low of $165.78 and a fifty-two week high of $269.28. The stock has a 50-day simple moving average of $247.45 and a two-hundred day simple moving average of $240.98. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market cap of $247.92 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 5.81 and a beta of 0.64.

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

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.52%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

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.