Shotwell Rutter Baer Inc Takes Position in International Business Machines Co. (NYSE:IBM)

Shotwell Rutter Baer Inc bought a new position in International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,997 shares of the technology company’s stock, valued at approximately $331,000.

A number of other institutional investors have also recently bought and sold shares of IBM. Moneta Group Investment Advisors LLC increased its stake in International Business Machines by 98,797.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after acquiring an additional 11,017,849 shares during the period. Norges Bank bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $876,014,000. Morgan Stanley raised its holdings in shares of International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after buying an additional 3,084,458 shares in the last quarter. BlackRock Inc. lifted its position in shares of International Business Machines by 3.5% during the 2nd quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock worth $9,907,942,000 after buying an additional 2,483,682 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in International Business Machines by 35.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock valued at $579,892,000 after buying an additional 1,163,790 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM stock opened at $190.80 on Thursday. The firm has a market cap of $174.91 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 3.69 and a beta of 0.70. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The stock has a 50-day moving average price of $186.30 and a 200 day moving average price of $163.98.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter in the previous year, the company earned $3.60 EPS. International Business Machines’s revenue was up 4.1% on a year-over-year basis. Research analysts expect that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is currently 81.67%.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. BMO Capital Markets lifted their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Sanford C. Bernstein boosted their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.85.

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.