International Business Machines Corporation $IBM Stock Position Raised by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 110.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,757 shares of the technology company’s stock after acquiring an additional 5,640 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in International Business Machines were worth $3,200,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of International Business Machines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after acquiring an additional 1,439,824 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of International Business Machines by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company’s stock worth $6,679,105,000 after buying an additional 336,069 shares during the period. Capital World Investors boosted its position in shares of International Business Machines by 29.2% in the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock worth $6,523,720,000 after buying an additional 4,976,756 shares during the period. Norges Bank acquired a new stake in shares of International Business Machines in the fourth quarter worth $2,446,429,000. Finally, Legal & General Group Plc boosted its position in shares of International Business Machines by 2.5% in the third quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company’s stock worth $2,060,536,000 after buying an additional 176,219 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

NYSE IBM opened at $271.77 on Friday. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46. The stock’s 50-day moving average is $250.02 and its two-hundred day moving average is $270.34. 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 firm has a market cap of $255.43 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 2.85 and a beta of 0.67.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $15.60 billion. During the same period last year, the company earned $1.60 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Corporation will post 12.38 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Jefferies Financial Group decreased their target price on International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of International Business Machines in a research report on Thursday, May 28th. Roth Mkm reaffirmed a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Finally, Morgan Stanley increased their price objective on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.