Lantz Financial LLC Has $1.43 Million Holdings in International Business Machines Co. (NYSE:IBM)

Lantz Financial LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,717 shares of the technology company’s stock after selling 1,522 shares during the period. Lantz Financial LLC’s holdings in International Business Machines were worth $1,434,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Live Oak Investment Partners bought a new stake in International Business Machines during the 4th quarter valued at approximately $30,000. GW&K Investment Management LLC bought a new stake in shares of International Business Machines in the first quarter valued at approximately $33,000. First Command Advisory Services Inc. acquired a new stake in shares of International Business Machines in the first quarter worth $37,000. Kepos Capital LP bought a new position in International Business Machines during the fourth quarter worth $42,000. Finally, Pacific Center for Financial Services bought a new stake in International Business Machines in the 1st quarter valued at $41,000. 56.16% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

IBM stock traded up $0.30 during midday trading on Tuesday, reaching $145.39. 273,572 shares of the company’s stock traded hands, compared to its average volume of 4,519,335. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.28. The company has a market cap of $132.45 billion, a price-to-earnings ratio of 67.18, a PEG ratio of 3.71 and a beta of 0.85. The company has a 50-day simple moving average of $142.59 and a two-hundred day simple moving average of $133.71. International Business Machines Co. has a 1-year low of $115.54 and a 1-year high of $153.21.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 19th. The technology company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.18. The company had revenue of $15.48 billion during the quarter, compared to analyst estimates of $15.58 billion. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $2.31 earnings per share. On average, analysts anticipate that International Business Machines Co. will post 9.43 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Wednesday, August 9th. International Business Machines’s payout ratio is 307.41%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of International Business Machines in a report on Friday, July 7th. They set a “neutral” rating and a $145.00 price objective on the stock. Wedbush reaffirmed a “neutral” rating and issued a $140.00 price target on shares of International Business Machines in a report on Thursday, July 20th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Bank of America upped their target price on International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $135.00 price target on shares of International Business Machines in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $142.91.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.