Middleton & Co. Inc. MA Raises Holdings in International Business Machines Co. (NYSE:IBM)

Middleton & Co. Inc. MA lifted its stake in International Business Machines Co. (NYSE:IBM) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,742 shares of the technology company’s stock after purchasing an additional 60 shares during the quarter. Middleton & Co. Inc. MA’s holdings in International Business Machines were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Gilbert & Cook Inc. grew its holdings in shares of International Business Machines by 2.7% during the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock valued at $637,000 after buying an additional 101 shares during the last quarter. Aveo Capital Partners LLC increased its holdings in shares of International Business Machines by 3.6% in the fourth quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock valued at $507,000 after purchasing an additional 109 shares during the period. Gryphon Financial Partners LLC raised its stake in shares of International Business Machines by 6.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock worth $386,000 after purchasing an additional 147 shares during the last quarter. TrinityPoint Wealth LLC lifted its holdings in shares of International Business Machines by 12.3% during the fourth quarter. TrinityPoint Wealth LLC now owns 3,909 shares of the technology company’s stock worth $639,000 after purchasing an additional 428 shares during the period. Finally, Clearbridge Investments LLC boosted its position in International Business Machines by 32.7% in the fourth quarter. Clearbridge Investments LLC now owns 45,653 shares of the technology company’s stock valued at $7,467,000 after buying an additional 11,247 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

International Business Machines stock opened at $214.86 on Thursday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company’s fifty day moving average price is $195.11 and its 200 day moving average price is $184.00. The stock has a market capitalization of $197.37 billion, a P/E ratio of 24.33, a P/E/G ratio of 4.67 and a beta of 0.70. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $218.84.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.18 earnings per share. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.11%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Ratings Changes

IBM has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target 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. Jefferies Financial Group raised their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. BMO Capital Markets increased their price target on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group started coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $188.60.

About International Business Machines

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.