Hoylecohen LLC Increases Position in International Business Machines Co. (NYSE:IBM)

Hoylecohen LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,797 shares of the technology company’s stock after acquiring an additional 104 shares during the quarter. Hoylecohen LLC’s holdings in International Business Machines were worth $948,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC boosted its position in International Business Machines by 220,760.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 44,172 shares of the technology company’s stock worth $6,197,000 after purchasing an additional 44,152 shares in the last quarter. Empower Advisory Group LLC increased its holdings in International Business Machines by 2.5% in the third quarter. Empower Advisory Group LLC now owns 12,191 shares of the technology company’s stock valued at $1,710,000 after buying an additional 297 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of International Business Machines by 111.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 51,886 shares of the technology company’s stock worth $7,280,000 after acquiring an additional 27,404 shares in the last quarter. Wrapmanager Inc. grew its position in shares of International Business Machines by 8.9% during the 3rd quarter. Wrapmanager Inc. now owns 2,050 shares of the technology company’s stock valued at $288,000 after acquiring an additional 167 shares during the period. Finally, HBK Sorce Advisory LLC raised its holdings in International Business Machines by 11.9% in the 3rd quarter. HBK Sorce Advisory LLC now owns 17,984 shares of the technology company’s stock worth $2,523,000 after purchasing an additional 1,918 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.1 %

IBM stock traded up $0.22 during trading on Friday, reaching $170.89. 2,587,829 shares of the stock were exchanged, compared to its average volume of 4,034,857. 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 $156.98 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 4.20 and a beta of 0.74. The business has a 50 day moving average price of $179.12 and a 200-day moving average price of $173.86. 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) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period in the prior year, the business posted $1.36 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts predict that International Business Machines Co. will post 9.91 earnings per share for the current year.

International Business Machines Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BNP Paribas initiated coverage on International Business Machines in a research note on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price for the company. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Sanford C. Bernstein raised their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. BMO Capital Markets cut their price objective on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research report on Thursday, May 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $181.29.

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.