Fulton Breakefield Broenniman LLC Has $441,000 Holdings in International Business Machines Co. (NYSE:IBM)

Fulton Breakefield Broenniman LLC raised its holdings in International Business Machines Co. (NYSE:IBM) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,697 shares of the technology company’s stock after buying an additional 212 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in International Business Machines were worth $441,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IBM. Vontobel Holding Ltd. raised its position in shares of International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares during the period. Natixis Advisors L.P. raised its position in shares of International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares during the period. Herold Advisors Inc. raised its position in shares of International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after purchasing an additional 688 shares during the period. Tsfg LLC raised its position in shares of International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after purchasing an additional 109 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in International Business Machines during the third quarter worth $661,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IBM shares. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Jefferies Financial Group decreased their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday. Bank of America upped their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Royal Bank of Canada upped their price objective on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. cut their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $184.08.

International Business Machines Price Performance

IBM traded down $1.78 during trading on Friday, reaching $167.13. 8,983,796 shares of the company were exchanged, compared to its average volume of 3,906,041. The company’s 50-day moving average is $187.60 and its two-hundred day moving average is $170.15. The company has a market cap of $153.21 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 3.33 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18.

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

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.97%. International Business Machines’s payout ratio is currently 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.