Lee Danner & Bass Inc. Raises Position in International Business Machines Co. (NYSE:IBM)

Lee Danner & Bass Inc. increased its holdings in International Business Machines Co. (NYSE:IBM) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,195 shares of the technology company’s stock after purchasing an additional 101 shares during the period. Lee Danner & Bass Inc.’s holdings in International Business Machines were worth $2,158,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of International Business Machines by 15,439.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after buying an additional 2,636,386 shares during the last quarter. Morgan Stanley increased its stake in International Business Machines by 13.4% during the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after acquiring an additional 1,919,490 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of International Business Machines by 15.9% in the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock worth $890,322,000 after purchasing an additional 871,247 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of International Business Machines by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock worth $1,219,399,000 after purchasing an additional 807,357 shares during the period. Finally, Northern Trust Corp increased its position in International Business Machines by 4.2% during the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after purchasing an additional 404,948 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IBM. Bank of America lifted their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Sanford C. Bernstein lifted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Jefferies Financial Group initiated coverage on International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 price objective on the stock. Finally, Societe Generale reiterated a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus price target of $174.92.

International Business Machines Trading Up 0.2 %

Shares of IBM opened at $181.94 on Tuesday. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The stock has a 50-day moving average price of $188.38 and a 200 day moving average price of $169.59. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market capitalization of $166.79 billion, a P/E ratio of 22.38, a P/E/G ratio of 3.57 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. The company 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%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 EPS. Sell-side analysts forecast that International Business Machines Co. will post 10.04 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is currently 81.67%.

International Business Machines Company Profile

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.