Todd Asset Management LLC Has $32.93 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Todd Asset Management LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,372 shares of the technology company’s stock after selling 2,023 shares during the quarter. Todd Asset Management LLC’s holdings in International Business Machines were worth $32,934,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dakota Wealth Management grew its holdings in shares of International Business Machines by 36.9% in the 3rd quarter. Dakota Wealth Management now owns 5,536 shares of the technology company’s stock worth $777,000 after purchasing an additional 1,492 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of International Business Machines by 7.3% during the third quarter. J.W. Cole Advisors Inc. now owns 19,265 shares of the technology company’s stock worth $2,703,000 after buying an additional 1,309 shares in the last quarter. GW Henssler & Associates Ltd. boosted its holdings in shares of International Business Machines by 46.4% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 2,257 shares of the technology company’s stock worth $317,000 after acquiring an additional 715 shares in the last quarter. Bouchey Financial Group Ltd grew its position in International Business Machines by 49.0% during the 3rd quarter. Bouchey Financial Group Ltd now owns 3,584 shares of the technology company’s stock worth $503,000 after acquiring an additional 1,178 shares during the last quarter. Finally, SFE Investment Counsel raised its position in International Business Machines by 8.0% in the 3rd quarter. SFE Investment Counsel now owns 34,413 shares of the technology company’s stock valued at $4,828,000 after purchasing an additional 2,544 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $1.02 on Friday, hitting $165.71. The stock had a trading volume of 3,400,405 shares, compared to its average volume of 4,768,629. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The stock has a market cap of $152.22 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The business’s 50 day moving average is $185.75 and its two-hundred day moving average is $171.01. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last released its 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. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the firm earned $1.36 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts forecast that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 4.03%. International Business Machines’s dividend payout ratio (DPR) is 75.20%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wedbush boosted their target price on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Morgan Stanley decreased their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. dropped their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. BNP Paribas assumed coverage on International Business Machines in a research report on Thursday. They issued an “underperform” rating and a $145.00 price objective for the company. Finally, Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $181.29.

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.