MML Investors Services LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 225,305 shares of the technology company’s stock after purchasing an additional 16,293 shares during the period. MML Investors Services LLC’s holdings in International Business Machines were worth $66,738,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the business. Mariner LLC increased its stake in shares of International Business Machines by 3.6% in the fourth quarter. Mariner LLC now owns 515,037 shares of the technology company’s stock worth $152,595,000 after purchasing an additional 17,948 shares during the period. Minot DeBlois Advisors LLC increased its holdings in shares of International Business Machines by 78.4% during the 4th quarter. Minot DeBlois Advisors LLC now owns 919 shares of the technology company’s stock worth $272,000 after purchasing an additional 404 shares during the period. Motiv8 Investments LLC bought a new position in shares of International Business Machines during the 4th quarter worth about $154,000. Fieldview Capital Management LLC bought a new position in shares of International Business Machines during the 4th quarter worth about $1,492,000. Finally, Focus Partners Wealth increased its holdings in shares of International Business Machines by 88.3% during the 4th quarter. Focus Partners Wealth now owns 415,564 shares of the technology company’s stock worth $122,996,000 after purchasing an additional 194,904 shares during the period. 58.96% of the stock is currently owned by institutional investors.
International Business Machines Trading Down 1.5%
IBM opened at $268.19 on Tuesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The company has a market cap of $252.07 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The firm has a 50 day simple moving average of $250.42 and a 200 day simple moving average of $269.84. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46.
International Business Machines Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a $1.69 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.5%. International Business Machines’s payout ratio is currently 59.77%.
Analyst Upgrades and Downgrades
IBM has been the topic of several research reports. HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $218.00 to $231.00 in a report on Tuesday, April 28th. Jefferies Financial Group dropped their price objective on shares of International Business Machines from $370.00 to $320.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Roth Mkm restated a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Oppenheimer lowered their target price on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Finally, Wedbush set a $350.00 price target on shares of International Business Machines in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $304.17.
International Business Machines Company Profile
International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.
IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.
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