Commerzbank Aktiengesellschaft FI Has $46.11 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Commerzbank Aktiengesellschaft FI grew its position in International Business Machines Co. (NYSE:IBM) by 173.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 208,554 shares of the technology company’s stock after buying an additional 132,341 shares during the period. International Business Machines makes up 1.2% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 24th largest position. Commerzbank Aktiengesellschaft FI’s holdings in International Business Machines were worth $46,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Global Assets Advisory LLC acquired a new position in International Business Machines in the 1st quarter worth $3,026,000. Sunbelt Securities Inc. boosted its stake in International Business Machines by 1.6% in the 1st quarter. Sunbelt Securities Inc. now owns 9,333 shares of the technology company’s stock worth $1,782,000 after purchasing an additional 143 shares during the period. RMR Wealth Builders lifted its position in International Business Machines by 3.5% during the 1st quarter. RMR Wealth Builders now owns 3,517 shares of the technology company’s stock worth $672,000 after buying an additional 118 shares in the last quarter. Brookstone Capital Management lifted its position in International Business Machines by 1.6% during the 1st quarter. Brookstone Capital Management now owns 18,187 shares of the technology company’s stock worth $3,473,000 after buying an additional 289 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its position in International Business Machines by 29.6% during the 1st quarter. Sovereign Financial Group Inc. now owns 4,636 shares of the technology company’s stock worth $885,000 after buying an additional 1,058 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.5 %

NYSE:IBM opened at $231.10 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $212.29 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 5.21 and a beta of 0.70. The firm has a fifty day simple moving average of $213.86 and a two-hundred day simple moving average of $189.75. International Business Machines Co. has a 12 month low of $136.05 and a 12 month high of $237.37.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period last year, the company earned $2.18 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. Analysts expect that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.89%. International Business Machines’s payout ratio is 75.65%.

Wall Street Analyst Weigh In

IBM has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of International Business Machines from $182.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Evercore ISI boosted their price target on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Bank of America boosted their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price target on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $205.71.

International Business Machines 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.