Lbp Am Sa Has $27.44 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

LBP AM SA decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 110,366 shares of the technology company's stock after selling 4,934 shares during the period. LBP AM SA's holdings in International Business Machines were worth $27,444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Axxcess Wealth Management LLC grew its holdings in International Business Machines by 11.3% during the first quarter. Axxcess Wealth Management LLC now owns 21,131 shares of the technology company's stock valued at $5,254,000 after purchasing an additional 2,150 shares during the period. Rehmann Capital Advisory Group lifted its holdings in International Business Machines by 34.4% during the first quarter. Rehmann Capital Advisory Group now owns 14,406 shares of the technology company's stock worth $3,582,000 after acquiring an additional 3,689 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in International Business Machines by 8.9% in the first quarter. Cornerstone Planning Group LLC now owns 1,177 shares of the technology company's stock valued at $289,000 after acquiring an additional 96 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in shares of International Business Machines by 8.7% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,411 shares of the technology company's stock worth $1,097,000 after acquiring an additional 353 shares in the last quarter. Finally, Trek Financial LLC raised its position in shares of International Business Machines by 437.7% during the first quarter. Trek Financial LLC now owns 27,513 shares of the technology company's stock worth $6,841,000 after purchasing an additional 22,396 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Royal Bank Of Canada boosted their target price 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. UBS Group reiterated a "sell" rating and issued a $195.00 price objective (up from $170.00) on shares of International Business Machines in a report on Wednesday. Bank of America increased their target price on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Finally, Citigroup restated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $259.06.

International Business Machines Stock Performance

Shares of IBM traded down $4.10 during mid-day trading on Friday, hitting $283.33. 3,789,706 shares of the company's stock were exchanged, compared to its average volume of 4,234,546. 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 firm has a market cap of $263.33 billion, a price-to-earnings ratio of 48.77, a price-to-earnings-growth ratio of 6.09 and a beta of 0.69. The stock's 50-day simple moving average is $272.42 and its 200-day simple moving average is $251.52. International Business Machines Corporation has a 52 week low of $176.62 and a 52 week high of $296.16.

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

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.37%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

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.