International Business Machines Co. (NYSE:IBM) Shares Purchased by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC boosted its stake in International Business Machines Co. (NYSE:IBMFree Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 44,580 shares of the technology company’s stock after acquiring an additional 398 shares during the quarter. International Business Machines accounts for about 1.4% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 29th biggest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in International Business Machines were worth $7,291,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its stake in International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after purchasing an additional 11,017,849 shares during the last quarter. Norges Bank acquired a new stake in International Business Machines during the 4th quarter worth $876,014,000. Morgan Stanley boosted its stake in International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after purchasing an additional 3,084,458 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in International Business Machines by 35.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after purchasing an additional 1,163,790 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in International Business Machines by 7.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after purchasing an additional 1,105,170 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on IBM shares. Sanford C. Bernstein lifted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Societe Generale reissued a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. Stifel Nicolaus boosted their price target on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Jefferies Financial Group initiated coverage on shares of International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $176.85.

Get Our Latest Analysis on International Business Machines

International Business Machines Trading Down 0.6 %

NYSE:IBM opened at $189.81 on Tuesday. The stock has a fifty day moving average price of $187.66 and a two-hundred day moving average price of $164.91. The stock has a market capitalization of $174.01 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.74 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.60 earnings per share. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

International Business Machines Company Profile

(Free Report)

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.

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

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