International Business Machines Co. (NYSE:IBM) Shares Acquired by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC grew its position in International Business Machines Co. (NYSE:IBM) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,245 shares of the technology company’s stock after acquiring an additional 141 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in International Business Machines were worth $558,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Treasurer of the State of North Carolina boosted its holdings in shares of International Business Machines by 0.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company’s stock valued at $108,942,000 after acquiring an additional 4,131 shares during the period. Blue Zone Wealth Advisors LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $242,000. Truist Financial Corp lifted its holdings in shares of International Business Machines by 6.5% during the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company’s stock worth $178,296,000 after purchasing an additional 49,591 shares during the period. Mufg Securities Americas Inc. acquired a new stake in shares of International Business Machines during the fourth quarter worth $3,000,000. Finally, Magnolia Private Wealth LLC acquired a new stake in shares of International Business Machines during the first quarter worth $239,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. KGI Securities set a $242.00 target price on International Business Machines and gave the company a “hold” rating in a report on Thursday, April 24th. Wall Street Zen downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $250.31.

International Business Machines Stock Performance

NYSE IBM opened at $280.69 on Friday. The business’s 50-day simple moving average is $251.46 and its 200-day simple moving average is $243.34. The firm has a market capitalization of $260.87 billion, a P/E ratio of 43.79, a P/E/G ratio of 5.81 and a beta of 0.66. 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 Co. has a 1-year low of $167.23 and a 1-year high of $283.06.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. International Business Machines’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. Equities analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.39%. International Business Machines’s payout ratio is 115.66%.

International Business Machines Company Profile

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.