Brand Asset Management Group Inc. Acquires 85 Shares of International Business Machines Co. (NYSE:IBM)

Brand Asset Management Group Inc. raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,591 shares of the technology company’s stock after purchasing an additional 85 shares during the period. Brand Asset Management Group Inc.’s holdings in International Business Machines were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Vanguard Group Inc. boosted its holdings in International Business Machines by 6.7% in the first quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock worth $16,833,642,000 after purchasing an additional 5,546,855 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in International Business Machines by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock valued at $1,048,631,000 after acquiring an additional 61,028 shares during the last quarter. Norges Bank bought a new stake in shares of International Business Machines in the 4th quarter worth about $1,019,009,000. Dimensional Fund Advisors LP increased its holdings in shares of International Business Machines by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock worth $736,015,000 after buying an additional 97,482 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of International Business Machines by 151.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock worth $671,352,000 after buying an additional 2,118,165 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock traded up $0.90 during trading hours on Monday, hitting $194.68. The company’s stock had a trading volume of 2,361,263 shares, compared to its average volume of 4,331,680. The company has a 50 day moving average of $181.61 and a 200 day moving average of $181.07. The stock has a market cap of $178.83 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the firm posted $2.18 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that International Business Machines Co. will post 10.06 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Stifel Nicolaus upped their price target on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group upped their price target on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Morgan Stanley reduced their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, BMO Capital Markets boosted their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $184.93.

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.