Migdal Insurance & Financial Holdings Ltd. Has $388,000 Stake in International Business Machines Co. (NYSE:IBM)

Migdal Insurance & Financial Holdings Ltd. raised its position in International Business Machines Co. (NYSE:IBM) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,767 shares of the technology company’s stock after purchasing an additional 281 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in International Business Machines were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBM. Brookstone Capital Management raised its stake in shares of International Business Machines by 1.3% in the 3rd quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock valued at $3,658,000 after purchasing an additional 210 shares during the period. CWM LLC lifted its position in International Business Machines by 5.6% during the third quarter. CWM LLC now owns 126,654 shares of the technology company’s stock worth $28,001,000 after acquiring an additional 6,712 shares during the last quarter. Cypress Wealth Services LLC lifted its position in International Business Machines by 5.1% during the third quarter. Cypress Wealth Services LLC now owns 1,467 shares of the technology company’s stock worth $324,000 after acquiring an additional 71 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in shares of International Business Machines in the third quarter valued at approximately $519,000. Finally, Cerro Pacific Wealth Advisors LLC raised its position in shares of International Business Machines by 14.9% in the third quarter. Cerro Pacific Wealth Advisors LLC now owns 2,338 shares of the technology company’s stock valued at $517,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.4 %

Shares of NYSE IBM opened at $252.31 on Friday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The stock has a market cap of $233.30 billion, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76. The firm has a 50-day moving average of $229.26 and a 200 day moving average of $216.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts expect that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.65%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analysts Set New Price Targets

IBM has been the subject of a number of recent analyst reports. Wedbush initiated coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Stifel Nicolaus increased their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $225.53.

About International Business Machines

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.