First Hawaiian Bank increased its holdings in International Business Machines Co. (NYSE: IBM – Get Rating) by 9.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,656 shares of the technology company stock after buying an additional 983 shares during the period. First Hawaiian Bank’s holdings in International Business Machines were worth $ 1,516,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in International Business Machines by 1.4% in the 4th quarter. BlackRock Inc. now owns 65,452,374 shares of the technology company stock worth $ 8,748,364,000 after buying an additional 924,180 shares during the period. State Street Corp boosted its holdings in International Business Machines by 3.3% in the 4th quarter. State Street Corp now owns 53,048,681 shares of the technology company stock valued at $ 7,090,487,000 after purchasing an additional 1,687,122 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in International Business Machines by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,192,375 shares of the technology company stock valued at $ 2,030,611,000 after purchasing an additional 951,417 shares during the period. Geode Capital Management LLC boosted its holdings in International Business Machines by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 15,018,006 shares of the technology company stock valued at $ 2,001,895,000 after purchasing an additional 261,118 shares during the period. Finally, Norges Bank bought a new position in International Business Machines in the 4th quarter valued at $ 1,025,028,000. 55.22% of the stock is owned by institutional investors.
In other International Business Machines news, major shareholder Business Machine International sold 22,301,536 shares of the business’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $ 13.95, for a total value of $ 311,106,427.20. Following the transaction, the insider now owns 22,301,536 shares in the company, valued at $ 311,106,427.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by insiders.
Several research analysts have commented on IBM shares. Tigress Financial raised their price target on shares of International Business Machines from $ 133.00 to $ 139.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. BMO Capital Markets raised their price target on shares of International Business Machines from $ 148.00 to $ 152.00 and gave the company a “market perform” rating in a report on Wednesday, April 20th. Bank of America raised their price target on shares of International Business Machines from $ 162.00 to $ 165.00 and gave the company a “buy” rating in a report on Wednesday, April 20th. Morgan Stanley lifted their price objective on shares of International Business Machines from $ 150.00 to $ 157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20th. Finally, StockNews.com assumed coverage on shares of International Business Machines in a report on Thursday, March 31st. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $ 147.25.
Shares of NYSE: IBM opened at $ 135.02 on Tuesday. The stock has a market cap of $ 121.44 billion, a PE ratio of 22.13, a PEG ratio of 1.51 and a beta of 1.00. The company fifty day moving average is $ 134.92 and its 200 day moving average is $ 131.46. International Business Machines Co. has a 52 week low of $ 114.56 and a 52 week high of $ 147.50. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.44.
International Business Machines (NYSE: IBM – Get Rating) last issued its earnings results on Tuesday, April 19th. The technology company reported $ 1.40 EPS for the quarter, topping analysts’ consensus estimates of $ 1.34 by $ 0.06. The company had revenue of $ 14.20 billion for the quarter, compared to analysts’ expectations of $ 13.84 billion. International Business Machines had a net margin of 8.21% and a return on equity of 42.14%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $ 1.77 EPS. Sell-side analysts anticipate that International Business Machines Co. will post 9.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th were given a $ 1.65 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $ 1.64. The ex-dividend date was Monday, May 9th. This represents a $ 6.60 dividend on an annualized basis and a dividend yield of 4.89%. International Business Machines’s payout ratio is presently 108.20%.
International Business Machines Company Profile: (Get Rating)
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.
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