TD Asset Management Inc Boosts Stock Holdings in International Business Machines Corporation $IBM

TD Asset Management Inc raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 681,380 shares of the technology company’s stock after buying an additional 7,809 shares during the quarter. TD Asset Management Inc’s holdings in International Business Machines were worth $201,832,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IBM. Family CFO Inc purchased a new position in International Business Machines during the 4th quarter valued at about $25,000. Basepoint Wealth LLC purchased a new position in International Business Machines during the 4th quarter valued at about $25,000. Joseph Group Capital Management purchased a new position in International Business Machines during the 4th quarter valued at about $28,000. SWAN Capital LLC purchased a new position in International Business Machines during the 3rd quarter valued at about $28,000. Finally, DecisionPoint Financial LLC grew its holdings in International Business Machines by 1,666.7% during the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Key International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM announced a five-year, more-than-$10 billion quantum computing investment, boosting confidence in its long-term growth and leadership in fault-tolerant computing. IBM Commits More Than $10 Billion to Quantum Computing
• Positive Sentiment: IBM and Google Cloud formed a strategic partnership to expand AI consulting and enterprise modernization, pointing to a multi-billion-dollar services opportunity. IBM and Google Cloud Announce Strategic Partnership
• Positive Sentiment: Barclays started IBM with an overweight rating and a $350 target, reinforcing bullish expectations for further upside. Barclays sets eye-catching IBM stock price target
• Positive Sentiment: IBM’s broader AI push continued with the launch of the AI Builders Challenge and wider access to IBM Bob for 20,000 institutions, supporting the company’s enterprise AI narrative. IBM Launches Global AI Builders Challenge
• Neutral Sentiment: IBM CEO Arvind Krishna publicly backed a narrowed AI executive order, a policy stance that may matter more for longer-term regulation than near-term earnings. Exclusive: IBM CEO backs Trump’s narrowed AI executive order
• Negative Sentiment: IBM shares were pressured at one point by broader macro concerns, including higher oil prices and Treasury yields, which could weigh on enterprise spending sentiment. Why IBM (IBM) Shares Are Plunging Today

International Business Machines Stock Down 6.9%

Shares of NYSE IBM opened at $306.36 on Thursday. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $287.95 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.41 and a beta of 0.67. The business has a 50-day moving average of $244.38 and a 200-day moving average of $270.87.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. International Business Machines’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts expect that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus set a $290.00 target price on International Business Machines in a report on Friday, May 22nd. JPMorgan Chase & Co. reduced their target price on International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Morgan Stanley boosted their target price on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Oppenheimer reduced their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines 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.