MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 5,634 Shares of International Business Machines Co. (NYSE:IBM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in International Business Machines Co. (NYSE:IBM) by 460.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,857 shares of the technology company’s stock after purchasing an additional 5,634 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in International Business Machines were worth $1,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Vanguard Group Inc. increased its position in shares of International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company’s stock valued at $20,189,023,000 after buying an additional 1,539,888 shares during the period. Geode Capital Management LLC boosted its position in International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company’s stock valued at $4,589,145,000 after acquiring an additional 427,499 shares in the last quarter. Capital World Investors grew its holdings in shares of International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares during the period. Northern Trust Corp raised its position 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 worth $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of International Business Machines by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company’s stock valued at $1,783,281,000 after purchasing an additional 722,582 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IBM shares. Royal Bank of Canada upped their price target on International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. UBS Group reiterated a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Bank of America increased their price objective on International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $250.31.

International Business Machines Trading Down 1.5%

International Business Machines stock opened at $276.84 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a one year low of $167.50 and a one year high of $283.06. The stock has a market capitalization of $257.29 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The business’s fifty day moving average is $252.60 and its 200 day moving average is $243.90.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion for the quarter, compared to analysts’ expectations of $14.41 billion. During the same period last year, the firm posted $1.68 earnings per share. International Business Machines’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed 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 is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.43%. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

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.