One Capital Management LLC Increases Position in International Business Machines Co. (NYSE:IBM)

One Capital Management LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 44.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,905 shares of the technology company’s stock after buying an additional 898 shares during the period. One Capital Management LLC’s holdings in International Business Machines were worth $502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of International Business Machines by 6.7% during the first quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after buying an additional 5,546,855 shares during the period. Dimensional Fund Advisors LP raised its stake in International Business Machines by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,796,206 shares of the technology company’s stock worth $829,431,000 after purchasing an additional 304,390 shares during the period. Price T Rowe Associates Inc. MD raised its stake in International Business Machines by 151.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock worth $671,352,000 after purchasing an additional 2,118,165 shares during the period. LSV Asset Management raised its stake in International Business Machines by 4.8% during the first quarter. LSV Asset Management now owns 1,788,047 shares of the technology company’s stock worth $341,445,000 after purchasing an additional 81,887 shares during the period. Finally, Capital Wealth Planning LLC raised its stake in International Business Machines by 8.8% during the second quarter. Capital Wealth Planning LLC now owns 1,578,660 shares of the technology company’s stock worth $273,029,000 after purchasing an additional 127,892 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 1.4 %

NYSE IBM opened at $214.13 on Wednesday. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $218.84. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company has a market capitalization of $196.70 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70. The company’s fifty day moving average price is $194.37 and its two-hundred day moving average price is $183.78.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the firm posted $2.18 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.12%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. UBS Group increased their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday, September 4th. Royal Bank of Canada increased their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Evercore ISI increased their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group increased their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $188.60.

International Business Machines 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.