Private Wealth Partners LLC Grows Position in International Business Machines Corporation (NYSE:IBM)

Private Wealth Partners LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,647 shares of the technology company’s stock after purchasing an additional 43 shares during the quarter. Private Wealth Partners LLC’s holdings in International Business Machines were worth $658,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IBM. Vision Financial Markets LLC purchased a new position in International Business Machines in the fourth quarter valued at $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at about $35,000. Tacita Capital Inc increased its stake in shares of International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new position in International Business Machines in the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC purchased a new position in International Business Machines during the fourth quarter worth approximately $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on IBM shares. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Royal Bank Of Canada upped their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Bank of America lifted their target price on shares of International Business Machines from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup restated an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $252.19.

International Business Machines Stock Up 0.0%

Shares of NYSE IBM opened at $283.15 on Friday. The stock has a market cap of $263.16 billion, a PE ratio of 48.74, a P/E/G ratio of 5.95 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 12-month low of $170.41 and a 12-month high of $286.91. The company has a 50-day moving average of $256.81 and a 200 day moving average of $245.20.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion for the quarter, compared to analysts’ expectations of $14.41 billion. During the same period in the previous year, the firm posted $1.68 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.37%. International Business Machines’s dividend payout ratio is presently 115.66%.

International Business Machines 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.