Hemenway Trust Co LLC Has $903,000 Holdings in International Business Machines Corporation (NYSE:IBM)

Hemenway Trust Co LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,630 shares of the technology company’s stock after acquiring an additional 314 shares during the period. Hemenway Trust Co LLC’s holdings in International Business Machines were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in shares of International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock worth $2,634,577,000 after buying an additional 9,650,534 shares in the last quarter. Norges Bank acquired a new stake in International Business Machines in the 4th quarter valued at $1,236,176,000. GAMMA Investing LLC lifted its position in International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock worth $10,940,520,000 after buying an additional 4,384,958 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of International Business Machines during the 4th quarter worth about $592,746,000. Finally, Northern Trust Corp grew its holdings in shares of International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock valued at $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.4%

Shares of NYSE:IBM opened at $282.96 on Wednesday. International Business Machines Corporation has a 12-month low of $168.38 and a 12-month high of $284.79. The business has a 50 day moving average of $254.78 and a 200-day moving average of $244.55. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The stock has a market cap of $262.98 billion, a PE ratio of 48.70, a P/E/G ratio of 5.92 and a beta of 0.66.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.37%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of International Business Machines in a report on Wednesday, May 7th. Morgan Stanley cut their price objective on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a “hold” rating in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, UBS Group reiterated a “sell” rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $250.31.

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.