MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $1.71 Million Position in International Business Machines Corporation (NYSE:IBM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 460.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,857 shares of the technology company's stock after buying an additional 5,634 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in International Business Machines were worth $1,705,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBM. Treasurer of the State of North Carolina grew its holdings in shares of International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Blue Zone Wealth Advisors LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $242,000. Truist Financial Corp increased its position in shares of International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after purchasing an additional 49,591 shares during the last quarter. Mufg Securities Americas Inc. bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $3,000,000. Finally, Magnolia Private Wealth LLC acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $239,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $0.10 during trading on Thursday, reaching $283.15. The company's stock had a trading volume of 3,531,800 shares, compared to its average volume of 4,234,994. International Business Machines Corporation has a 52 week low of $170.41 and a 52 week high of $286.91. The firm has a market cap of $263.16 billion, a PE ratio of 48.74, a P/E/G ratio of 5.94 and a beta of 0.66. The business's 50-day moving average price is $255.73 and its 200-day moving average price is $244.81. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts forecast 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. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 115.66%.

Analyst Ratings Changes

Several analysts have issued reports on IBM shares. Wedbush reaffirmed an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Morgan Stanley reduced their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines has an average rating of "Hold" and an average target price of $252.19.

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.