International Business Machines Co. (NYSE:IBM) Shares Purchased by Dixon Hubard Feinour & Brown Inc. VA

Financial News Live · Aug 10, 2022 03:06

Dixon Hubard Feinour & Brown Inc. VA increased its holdings in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 53.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,401 shares of the technology company's stock after acquiring an additional 3,618 shares during the period. Dixon Hubard Feinour & Brown Inc. VA's holdings in International Business Machines were worth $1,352,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its position in shares of International Business Machines by 1.4% during the 4th quarter. BlackRock Inc. now owns 65,452,374 shares of the technology company's stock valued at $8,748,364,000 after acquiring an additional 924,180 shares during the period. State Street Corp boosted its holdings in International Business Machines by 3.3% in the 4th quarter. State Street Corp now owns 53,048,681 shares of the technology company's stock worth $7,090,487,000 after buying an additional 1,687,122 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in International Business Machines by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,192,375 shares of the technology company's stock worth $2,030,611,000 after buying an additional 951,417 shares during the last quarter. Geode Capital Management LLC boosted its holdings in International Business Machines by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 15,018,006 shares of the technology company's stock worth $2,001,895,000 after buying an additional 261,118 shares during the last quarter. Finally, Norges Bank acquired a new stake in International Business Machines in the 4th quarter worth about $1,025,028,000. 55.22% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. Tigress Financial lifted their price objective on International Business Machines from $133.00 to $139.00 and gave the stock a "neutral" rating in a report on Thursday, April 21st. Bank of America raised their target price on shares of International Business Machines from $162.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, April 20th. Morgan Stanley decreased their target price on shares of International Business Machines from $157.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 19th. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Thursday, July 21st. Finally, BMO Capital Markets reduced their price target on shares of International Business Machines from $152.00 to $148.00 in a research report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $146.10.

Insider Activity at International Business Machines

In other news, major shareholder Business Machine International sold 22,301,536 shares of the company's stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $13.95, for a total value of $311,106,427.20. Following the completion of the sale, the insider now directly owns 22,301,536 shares of the company's stock, valued at $311,106,427.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by corporate insiders.

International Business Machines Stock Down 1.4 %

Shares of NYSE IBM opened at $130.69 on Tuesday. The firm has a market cap of $118.04 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.00 and a beta of 0.85. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. International Business Machines Co. has a 52-week low of $114.56 and a 52-week high of $146.00. The business's 50 day moving average is $136.47 and its two-hundred day moving average is $132.80.

International Business Machines (NYSE:IBM – Get Rating) last posted its quarterly earnings results on Monday, July 18th. The technology company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.29 by $0.02. The business had revenue of $15.54 billion during the quarter, compared to the consensus estimate of $15.18 billion. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Research analysts predict that International Business Machines Co. will post 9.47 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be paid a dividend of $1.65 per share. The ex-dividend date is Tuesday, August 9th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.05%. International Business Machines's payout ratio is currently 107.14%.

International Business Machines Profile

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International Business Machines Corporation 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, such as Red Hat, an enterprise open-source 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.

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