Cullen Frost Bankers Inc. Boosts Stock Holdings in International Business Machines Co. (NYSE:IBM)

Cullen Frost Bankers Inc. boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 0.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 78,519 shares of the technology company’s stock after buying an additional 85 shares during the period. Cullen Frost Bankers Inc.’s holdings in International Business Machines were worth $10,464,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of International Business Machines by 2.2% in the fourth quarter. BlackRock Inc. now owns 62,271,273 shares of the technology company’s stock valued at $7,838,709,000 after purchasing an additional 1,324,858 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in International Business Machines by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,571,878 shares of the technology company’s stock valued at $1,582,548,000 after acquiring an additional 943,571 shares during the last quarter. Morgan Stanley lifted its holdings in International Business Machines by 6.4% in the fourth quarter. Morgan Stanley now owns 9,853,901 shares of the technology company’s stock valued at $1,240,410,000 after acquiring an additional 592,500 shares during the last quarter. Norges Bank acquired a new position in International Business Machines in the fourth quarter valued at approximately $1,116,008,000. Finally, Dimensional Fund Advisors LP lifted its holdings in International Business Machines by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,066,979 shares of the technology company’s stock valued at $511,909,000 after acquiring an additional 76,646 shares during the last quarter. Institutional investors and hedge funds own 55.67% of the company’s stock.

A number of research analysts have commented on IBM shares. Credit Suisse Group upped their price target on International Business Machines from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Monday, April 26th. Stifel Nicolaus upped their price target on International Business Machines from $147.00 to $151.00 and gave the stock a “buy” rating in a research note on Tuesday, April 20th. BMO Capital Markets upped their price target on International Business Machines from $138.00 to $150.00 and gave the stock a “market perform” rating in a research note on Monday, April 26th. Finally, Morgan Stanley upped their price target on International Business Machines from $150.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $146.00.

NYSE:IBM opened at $144.68 on Monday. The firm has a market capitalization of $129.27 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25. The business’s fifty day moving average price is $138.69 and its 200 day moving average price is $126.60. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.05 and a quick ratio of 1.00. International Business Machines Co. has a 12 month low of $105.92 and a 12 month high of $148.74.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Sunday, April 18th. The technology company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.14. The company had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.35 billion. International Business Machines had a return on equity of 48.69% and a net margin of 10.53%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 8.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Monday, May 10th will be issued a dividend of $1.64 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, May 7th. This represents a $6.56 annualized dividend and a dividend yield of 4.53%. International Business Machines’s dividend payout ratio (DPR) is presently 51.21%.

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, supply chain, and asset management, 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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