International Business Machines Co. (NYSE:IBM) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 25.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 678,697 shares of the technology company’s stock after purchasing an additional 139,447 shares during the quarter. Toronto Dominion Bank’s holdings in International Business Machines were worth $99,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Calamos Advisors LLC raised its stake in shares of International Business Machines by 29.4% in the 2nd quarter. Calamos Advisors LLC now owns 127,933 shares of the technology company’s stock valued at $18,754,000 after acquiring an additional 29,098 shares during the period. Bank of The West increased its position in shares of International Business Machines by 7.3% in the 1st quarter. Bank of The West now owns 17,432 shares of the technology company’s stock valued at $2,323,000 after purchasing an additional 1,186 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $2,511,000. DORCHESTER WEALTH MANAGEMENT Co increased its position in shares of International Business Machines by 2.0% during the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 37,182 shares of the technology company’s stock worth $5,451,000 after purchasing an additional 726 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in International Business Machines by 19.6% during the 1st quarter. Cresset Asset Management LLC now owns 26,722 shares of the technology company’s stock worth $3,561,000 after purchasing an additional 4,377 shares during the period. 55.24% of the stock is currently owned by institutional investors.

NYSE:IBM opened at $136.22 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 2.21. International Business Machines Co. has a fifty-two week low of $105.92 and a fifty-two week high of $152.84. The firm’s fifty day simple moving average is $140.48 and its 200-day simple moving average is $139.61. The stock has a market cap of $122.10 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Sunday, July 18th. The technology company reported $2.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.04. The company had revenue of $18.75 billion during the quarter, compared to the consensus estimate of $18.30 billion. International Business Machines had a net margin of 7.17% and a return on equity of 36.79%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $2.18 EPS. Equities analysts anticipate that International Business Machines Co. will post 10.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Tuesday, August 10th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 4.82%. The ex-dividend date was Monday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.66%.

IBM has been the topic of several analyst reports. BMO Capital Markets lifted their target price on International Business Machines from $150.00 to $155.00 and gave the company a “market perform” rating in a research note on Friday, July 16th. Citigroup boosted their price objective on shares of International Business Machines from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, July 20th. Societe Generale upgraded shares of International Business Machines from a “sell” rating to a “hold” rating and raised their target price for the stock from $121.00 to $140.00 in a research note on Tuesday, July 20th. Finally, Morgan Stanley boosted their price target on shares of International Business Machines from $152.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $149.86.

International Business Machines Company Profile

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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

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