Bank Julius Baer & Co. Ltd Zurich Buys 8,504 Shares of International Business Machines Corporation $IBM

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of International Business Machines Corporation (NYSE:IBMFree Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,644,315 shares of the technology company’s stock after acquiring an additional 8,504 shares during the quarter. International Business Machines comprises about 1.3% of Bank Julius Baer & Co. Ltd Zurich’s portfolio, making the stock its 15th largest holding. Bank Julius Baer & Co. Ltd Zurich’s holdings in International Business Machines were worth $488,798,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Family CFO Inc bought a new position in shares of International Business Machines in the 4th quarter valued at about $25,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of International Business Machines in the 3rd quarter worth approximately $28,000. Joseph Group Capital Management bought a new position in shares of International Business Machines during the 4th quarter valued at approximately $28,000. SWAN Capital LLC bought a new stake in International Business Machines in the third quarter worth $28,000. Finally, DecisionPoint Financial LLC boosted its stake in International Business Machines by 1,666.7% during the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of several recent analyst reports. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price on the stock in a research note on Friday, April 24th. Weiss Ratings lowered shares of International Business Machines from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Argus set a $360.00 price objective on shares of International Business Machines in a research note on Friday, January 30th. Dbs Bank upgraded International Business Machines from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. Finally, Oppenheimer reduced their price target on International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $294.41.

View Our Latest Stock Analysis on IBM

International Business Machines Price Performance

Shares of IBM stock opened at $215.05 on Thursday. The stock has a market capitalization of $202.12 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 2.27 and a beta of 0.58. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $324.90. The stock has a fifty day simple moving average of $241.64 and a two-hundred day simple moving average of $276.07.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. The firm had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. On average, analysts predict that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is presently 59.77%.

Insider Activity at International Business Machines

In related news, Director Michael Miebach purchased 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the transaction, the director owned 434 shares in the company, valued at approximately $101,265.22. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

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About International Business Machines

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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