Summit Wealth & Retirement Planning Inc. Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

Summit Wealth & Retirement Planning Inc. boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,326 shares of the technology company’s stock after acquiring an additional 400 shares during the period. Summit Wealth & Retirement Planning Inc.’s holdings in International Business Machines were worth $1,552,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of International Business Machines by 2.2% during the 4th quarter. BlackRock Inc. now owns 62,271,273 shares of the technology company’s stock valued at $7,838,709,000 after acquiring an additional 1,324,858 shares during the period. Morgan Stanley grew its stake in shares of International Business Machines by 7.7% in the 3rd quarter. Morgan Stanley now owns 9,261,401 shares of the technology company’s stock worth $1,126,834,000 after buying an additional 658,340 shares in the last quarter. RWWM Inc. lifted its holdings in shares of International Business Machines by 10,021.3% in the 4th quarter. RWWM Inc. now owns 644,827 shares of the technology company’s stock valued at $81,171,000 after acquiring an additional 638,456 shares during the last quarter. Natixis grew its position in International Business Machines by 190.0% in the third quarter. Natixis now owns 941,752 shares of the technology company’s stock worth $114,583,000 after acquiring an additional 616,995 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of International Business Machines by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,628,307 shares of the technology company’s stock worth $1,414,817,000 after buying an additional 394,178 shares during the period. Hedge funds and other institutional investors own 55.67% of the company’s stock.

International Business Machines stock traded down $0.23 during mid-day trading on Tuesday, hitting $120.63. The company’s stock had a trading volume of 152,429 shares, compared to its average volume of 7,582,878. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.00 and a current ratio of 1.05. The company has a 50 day moving average of $123.45 and a 200-day moving average of $122.33. International Business Machines Co. has a one year low of $90.56 and a one year high of $148.05. The stock has a market cap of $107.49 billion, a PE ratio of 13.69, a P/E/G ratio of 3.36 and a beta of 1.25.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 20th. The technology company reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.28. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. During the same quarter last year, the company earned $4.71 earnings per share. On average, equities research analysts forecast that International Business Machines Co. will post 8.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 10th will be paid a $1.63 dividend. The ex-dividend date is Tuesday, February 9th. This represents a $6.52 dividend on an annualized basis and a yield of 5.40%. International Business Machines’s dividend payout ratio is currently 50.90%.

About International Business Machines

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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