Team Hewins LLC Takes $939,000 Position in International Business Machines Co. (NYSE:IBM)

Team Hewins LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,744 shares of the technology company's stock, valued at approximately $939,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. Vontobel Holding Ltd. boosted its stake in International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company's stock valued at $78,045,000 after acquiring an additional 80,474 shares in the last quarter. Natixis Advisors L.P. boosted its stake in 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 acquiring an additional 57,170 shares in the last quarter. Herold Advisors Inc. boosted its stake in International Business Machines by 3.2% in the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company's stock valued at $3,070,000 after acquiring an additional 688 shares in the last quarter. Tsfg LLC boosted its stake in International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company's stock valued at $62,000 after acquiring an additional 109 shares in the last quarter. Finally, Auxano Advisors LLC boosted its stake in International Business Machines by 4.8% in the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company's stock valued at $556,000 after acquiring an additional 156 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America raised their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of International Business Machines in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of International Business Machines from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. Finally, BMO Capital Markets decreased their price target on shares of International Business Machines from $210.00 to $190.00 and set a "market perform" rating for the company in a report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $181.29.

International Business Machines Stock Performance

IBM stock traded down $2.99 during midday trading on Thursday, hitting $170.70. 3,340,691 shares of the stock traded hands, compared to its average volume of 4,773,661. The firm has a market cap of $156.81 billion, a P/E ratio of 19.55, a PEG ratio of 4.27 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock's fifty day simple moving average is $179.98 and its 200-day simple moving average is $173.73. International Business Machines Co. has a 1-year low of $125.01 and a 1-year high of $199.18.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results 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 company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm's revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $1.36 earnings per share. On average, analysts expect that International Business Machines Co. will post 9.91 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's dividend payout ratio (DPR) is currently 75.65%.

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.

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