Apollon Wealth Management LLC Buys 5,255 Shares of International Business Machines Co. (NYSE:IBM)

Apollon Wealth Management LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,464 shares of the technology company's stock after purchasing an additional 5,255 shares during the period. Apollon Wealth Management LLC's holdings in International Business Machines were worth $7,436,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IBM. Vontobel Holding Ltd. raised its holdings in shares of International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company's stock valued at $78,045,000 after purchasing an additional 80,474 shares during the period. Natixis Advisors L.P. lifted its position in shares of International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company's stock valued at $52,235,000 after buying an additional 57,170 shares during the last quarter. Herold Advisors Inc. increased its holdings in shares of International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company's stock worth $3,070,000 after acquiring an additional 688 shares during the last quarter. Tsfg LLC raised its stake in International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company's stock valued at $62,000 after acquiring an additional 109 shares during the period. Finally, Auxano Advisors LLC lifted its holdings in International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company's stock valued at $556,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IBM shares. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the company a "market perform" rating in a research report on Thursday, March 7th. BNP Paribas assumed coverage on International Business Machines in a report on Thursday, May 2nd. They set an "underperform" rating and a $145.00 price objective for the company. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st. Wedbush boosted their price target on International Business Machines from $140.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, April 25th. Finally, Bank of America increased their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $181.29.

International Business Machines Price Performance

IBM stock traded down $0.24 during mid-day trading on Tuesday, hitting $168.37. The stock had a trading volume of 3,154,776 shares, compared to its average volume of 4,949,592. The firm has a fifty day simple moving average of $185.44 and a 200 day simple moving average of $171.66. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $154.66 billion, a P/E ratio of 19.12, a P/E/G ratio of 4.08 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. As a group, research analysts forecast that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $1.67 dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from International Business Machines's previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.97%. International Business Machines's dividend payout ratio (DPR) is 75.20%.

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.

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