International Business Machines Co. (NYSE:IBM) Holdings Increased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 20.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,220 shares of the technology company’s stock after buying an additional 5,536 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in International Business Machines were worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of International Business Machines by 6.5% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 406,626 shares of the technology company’s stock worth $54,413,000 after purchasing an additional 24,796 shares during the last quarter. Shelton Capital Management grew its stake in shares of International Business Machines by 493.4% in the 2nd quarter. Shelton Capital Management now owns 48,708 shares of the technology company’s stock worth $6,518,000 after purchasing an additional 40,500 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of International Business Machines by 2.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 15,538 shares of the technology company’s stock worth $2,079,000 after purchasing an additional 407 shares during the last quarter. Corrado Advisors LLC grew its stake in shares of International Business Machines by 1.5% in the 2nd quarter. Corrado Advisors LLC now owns 15,206 shares of the technology company’s stock worth $2,035,000 after purchasing an additional 225 shares during the last quarter. Finally, Wealth Quarterback LLC grew its stake in shares of International Business Machines by 3.6% in the 2nd quarter. Wealth Quarterback LLC now owns 3,832 shares of the technology company’s stock worth $513,000 after purchasing an additional 132 shares during the last quarter. 56.16% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 0.1 %

NYSE IBM traded down $0.17 during trading on Friday, reaching $152.89. The company’s stock had a trading volume of 4,426,676 shares, compared to its average volume of 4,494,010. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $139.61 billion, a PE ratio of 20.28, a PEG ratio of 4.16 and a beta of 0.76. The business has a 50-day moving average price of $144.33 and a 200-day moving average price of $138.76. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $153.50.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 25th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.08. The firm had revenue of $14.75 billion during the quarter, compared to analysts’ expectations of $14.73 billion. International Business Machines had a net margin of 11.32% and a return on equity of 38.51%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 earnings per share. On average, research analysts forecast that International Business Machines Co. will post 9.45 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 88.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of International Business Machines from $152.00 to $155.00 and gave the stock a “market perform” rating in a research note on Thursday, October 26th. Morgan Stanley dropped their target price on shares of International Business Machines from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 17th. Royal Bank of Canada dropped their target price on shares of International Business Machines from $188.00 to $179.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. Wedbush reissued a “neutral” rating and issued a $140.00 target price on shares of International Business Machines in a research report on Monday, November 13th. Finally, StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $149.09.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.