Edgar Lomax Co. VA Lowers Stock Holdings in International Business Machines Co. (NYSE:IBM)

Edgar Lomax Co. VA lowered its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 249,318 shares of the technology company's stock after selling 10,000 shares during the period. International Business Machines accounts for 2.7% of Edgar Lomax Co. VA's portfolio, making the stock its 16th biggest holding. Edgar Lomax Co. VA's holdings in International Business Machines were worth $40,776,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IBM. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company's stock valued at $11,515,290,000 after buying an additional 365,388 shares during the period. Morgan Stanley raised its holdings in shares of International Business Machines by 13.4% in the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company's stock worth $2,280,968,000 after purchasing an additional 1,919,490 shares in the last quarter. Northern Trust Corp lifted its stake in International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company's stock valued at $1,398,886,000 after purchasing an additional 404,948 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in International Business Machines by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company's stock worth $1,048,631,000 after buying an additional 61,028 shares in the last quarter. Finally, Norges Bank bought a new position in shares of International Business Machines in the fourth quarter valued at $1,019,009,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 2.1 %

NYSE IBM traded up $3.57 during trading on Tuesday, reaching $173.49. The company's stock had a trading volume of 6,458,964 shares, compared to its average volume of 4,803,409. 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 stock has a market capitalization of $159.36 billion, a PE ratio of 19.65, a PEG ratio of 4.16 and a beta of 0.74. International Business Machines Co. has a 1-year low of $125.01 and a 1-year high of $199.18. The business has a 50-day moving average price of $180.44 and a 200-day moving average price of $173.73.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the previous year, the business earned $1.36 EPS. International Business Machines's quarterly revenue was up 1.5% compared to the same quarter last year. On average, research analysts forecast that International Business Machines Co. will post 9.91 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business 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. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from International Business Machines's previous quarterly dividend of $1.66. The ex-dividend date is Thursday, May 9th. International Business Machines's dividend payout ratio (DPR) is presently 75.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IBM. UBS Group lifted their target price on International Business Machines from $125.00 to $130.00 and gave the stock a "sell" rating in a report on Monday, April 22nd. BNP Paribas began coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They set an "underperform" rating and a $145.00 price objective for the company. Stifel Nicolaus reissued a "buy" rating and issued a $190.00 target price on shares of International Business Machines in a research report on Thursday, May 16th. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group lowered their price objective on shares of International Business Machines from $215.00 to $210.00 and set a "hold" rating on the stock in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $181.29.

International Business Machines 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.