Crewe Advisors LLC Purchases 516 Shares of International Business Machines Corporation (NYSE:IBM)

Crewe Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 11.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,104 shares of the technology company’s stock after buying an additional 516 shares during the period. Crewe Advisors LLC’s holdings in International Business Machines were worth $1,269,000 as of its most recent SEC filing.

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

International Business Machines Stock Performance

IBM opened at $280.67 on Monday. The stock has a market capitalization of $260.85 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 5.90 and a beta of 0.66. The company has a fifty day moving average of $257.71 and a 200 day moving average of $245.71. International Business Machines Corporation has a fifty-two week low of $170.41 and a fifty-two week high of $286.91. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01.

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

International Business Machines Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on IBM. Royal Bank Of Canada increased their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Morgan Stanley lowered their price objective on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $253.75.

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.