Waters Parkerson & CO. LLC Has $11.60 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Waters Parkerson & CO. LLC lessened its position in International Business Machines Co. (NYSE:IBM) by 0.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 67,067 shares of the technology company’s stock after selling 321 shares during the period. Waters Parkerson & CO. LLC’s holdings in International Business Machines were worth $11,599,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in International Business Machines during the 1st quarter valued at $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines during the first quarter worth about $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines in the 4th quarter valued at about $31,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its stake in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Royal Bank of Canada raised their price objective on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Evercore ISI upped their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. UBS Group raised their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $188.60.

International Business Machines Stock Performance

NYSE IBM opened at $213.89 on Friday. The firm has a market cap of $196.48 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company’s 50 day moving average is $195.83 and its 200-day moving average is $184.21. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $218.84.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (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 business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the firm posted $2.18 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a dividend of $1.67 per share. The ex-dividend date 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%.

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.