Security National Bank of Sioux City Iowa IA Buys 2,541 Shares of International Business Machines Co. (NYSE:IBM)

Security National Bank of Sioux City Iowa IA increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 22.1% during the 1st quarter, HoldingsChannel reports. The fund owned 14,046 shares of the technology company’s stock after buying an additional 2,541 shares during the period. International Business Machines accounts for approximately 1.5% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 23rd biggest holding. Security National Bank of Sioux City Iowa IA’s holdings in International Business Machines were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Financial Enhancement Group LLC raised its holdings in International Business Machines by 852.4% in the fourth quarter. Financial Enhancement Group LLC now owns 200 shares of the technology company’s stock worth $25,000 after buying an additional 179 shares during the last quarter. Oxler Private Wealth LLC purchased a new position in International Business Machines in the fourth quarter worth about $25,000. Better Money Decisions LLC purchased a new position in International Business Machines in the first quarter worth about $27,000. DB Wealth Management Group LLC purchased a new position in International Business Machines in the fourth quarter worth about $29,000. Finally, Sage Private Wealth Group LLC purchased a new position in International Business Machines in the fourth quarter worth about $31,000. 54.96% of the stock is currently owned by institutional investors and hedge funds.

IBM stock traded up $0.81 during trading on Friday, hitting $151.35. The company had a trading volume of 98,516 shares, compared to its average volume of 6,025,598. The stock has a market cap of $135.23 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.69 and a beta of 1.23. International Business Machines Co. has a 52-week low of $105.92 and a 52-week high of $152.84. The firm has a 50 day moving average of $142.01. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.93 and a quick ratio of 0.88.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Sunday, April 18th. The technology company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.14. The company had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.35 billion. International Business Machines had a net margin of 7.28% and a return on equity of 36.67%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 EPS. As a group, analysts anticipate that International Business Machines Co. will post 10.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Monday, May 10th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 4.33%. This is a boost from International Business Machines’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Friday, May 7th. International Business Machines’s dividend payout ratio is presently 75.66%.

Several research analysts have recently weighed in on IBM shares. Morgan Stanley boosted their price objective on shares of International Business Machines from $150.00 to $152.00 and gave the company an “equal weight” rating in a report on Tuesday, April 20th. Credit Suisse Group boosted their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, April 20th. BMO Capital Markets boosted their target price on shares of International Business Machines from $138.00 to $150.00 and gave the company a “market perform” rating in a research report on Tuesday, April 20th. Finally, Stifel Nicolaus boosted their target price on shares of International Business Machines from $147.00 to $151.00 and gave the company a “buy” rating in a research report on Tuesday, April 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. International Business Machines currently has an average rating of “Hold” and an average price target of $146.00.

About International Business Machines

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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

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