International Business Machines Corporation (NYSE:IBM) Shares Purchased by Trek Financial LLC

Trek Financial LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 437.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,513 shares of the technology company's stock after purchasing an additional 22,396 shares during the period. Trek Financial LLC's holdings in International Business Machines were worth $6,841,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of International Business Machines by 413.5% in the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after purchasing an additional 9,650,534 shares in the last quarter. Norges Bank bought a new stake in International Business Machines in the fourth quarter worth $1,236,176,000. GAMMA Investing LLC boosted its holdings in International Business Machines by 29,564.2% in the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after acquiring an additional 4,384,958 shares in the last quarter. Northern Trust Corp grew its stake in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of International Business Machines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

NYSE IBM traded down $0.59 on Wednesday, hitting $289.83. The company had a trading volume of 2,969,701 shares, compared to its average volume of 4,236,216. The company has a market capitalization of $269.37 billion, a PE ratio of 49.88, a PEG ratio of 6.10 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $174.45 and a 12-month high of $296.16. The company's fifty day moving average price is $271.47 and its 200-day moving average price is $251.07. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. As a group, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a $1.68 dividend. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.32%. International Business Machines's payout ratio is currently 115.66%.

Wall Street Analyst Weigh In

Several analysts recently commented on IBM shares. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank Of Canada increased their price target on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. 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. Finally, Morgan Stanley decreased their price target 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $259.06.

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.