Delta Investment Management LLC Buys 168 Shares of International Business Machines Co. (NYSE:IBM)

Delta Investment Management LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,190 shares of the technology company’s stock after acquiring an additional 168 shares during the period. Delta Investment Management LLC’s holdings in International Business Machines were worth $849,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IBM. Vanguard Group Inc. raised its holdings in International Business Machines by 0.4% during the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after buying an additional 365,388 shares during the last quarter. Morgan Stanley raised its holdings in shares of International Business Machines by 13.4% in the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after acquiring an additional 1,919,490 shares during the last quarter. Northern Trust Corp raised its holdings in shares of International Business Machines by 4.2% in the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after acquiring an additional 404,948 shares during the last quarter. Bank of New York Mellon Corp lifted its position in International Business Machines by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock valued at $1,219,399,000 after acquiring an additional 807,357 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in International Business Machines by 15.9% during the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after purchasing an additional 871,247 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets dropped their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday. Jefferies Financial Group dropped their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Sanford C. Bernstein lifted their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Societe Generale reiterated a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. Finally, Wedbush boosted their price target on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Performance

Shares of IBM stock opened at $167.13 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13. The firm has a market cap of $153.21 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 3.30 and a beta of 0.70. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The firm’s 50-day simple moving average is $187.60 and its two-hundred day simple moving average is $170.34.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter last year, the business posted $1.36 EPS. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. International Business Machines’s dividend payout ratio is presently 75.20%.

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.