Grandview Asset Management LLC Has $1.36 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

Grandview Asset Management LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,455 shares of the technology company’s stock after buying an additional 46 shares during the period. Grandview Asset Management LLC’s holdings in International Business Machines were worth $1,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Treasurer of the State of North Carolina increased its stake in shares of International Business Machines by 0.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company’s stock worth $108,942,000 after acquiring an additional 4,131 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in International Business Machines in the fourth quarter valued at about $3,000,000. Magnolia Private Wealth LLC acquired a new position in International Business Machines in the 1st quarter worth about $239,000. QRG Capital Management Inc. grew its stake in shares of International Business Machines by 7.5% in the 4th quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company’s stock valued at $33,118,000 after buying an additional 10,467 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its holdings in International Business Machines by 0.8% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 141,448 shares of the technology company’s stock worth $35,172,000 after buying an additional 1,058 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.4%

IBM opened at $282.96 on Wednesday. The company’s 50-day moving average price is $254.78 and its two-hundred day moving average price is $244.55. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a twelve month low of $168.38 and a twelve month high of $285.26. The stock has a market cap of $262.98 billion, a price-to-earnings ratio of 48.70, a PEG ratio of 5.92 and a beta of 0.66.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $1.68 earnings per share. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is 115.66%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several analyst reports. Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. UBS Group reissued a “sell” rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Morgan Stanley reduced their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Finally, Bank of America upped their target price on International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $250.31.

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.