Tulsa Wealth Advisors INC Purchases New Stake in International Business Machines Corporation $IBM

Tulsa Wealth Advisors INC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBMFree Report) in the fourth quarter, Holdings Channel reports. The firm purchased 4,510 shares of the technology company’s stock, valued at approximately $1,336,000.

A number of other large investors have also recently made changes to their positions in the business. Family CFO Inc bought a new stake in shares of International Business Machines during the fourth quarter worth about $25,000. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth about $25,000. Joseph Group Capital Management bought a new position in International Business Machines in the 4th quarter valued at about $28,000. Cornerstone Financial Management LLC bought a new position in International Business Machines in the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC acquired a new position in International Business Machines during the 3rd quarter valued at about $28,000. 58.96% of the stock is owned by institutional investors.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

International Business Machines Price Performance

International Business Machines stock opened at $249.72 on Friday. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46. The company’s 50 day moving average price is $251.46 and its two-hundred day moving average price is $268.77. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock has a market cap of $234.71 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.58 and a beta of 0.67.

International Business Machines (NYSE:IBMGet Free Report) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 EPS. On average, equities analysts predict that International Business Machines Corporation will post 12.38 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a $1.69 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s payout ratio is presently 59.77%.

Wall Street Analyst Weigh In

Several analysts have recently commented on IBM shares. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Oppenheimer cut their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. HSBC upgraded International Business Machines from a “reduce” rating to a “hold” rating and upped their price target for the stock from $218.00 to $231.00 in a report on Tuesday, April 28th. Wedbush set a $350.00 price objective on International Business Machines in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $290.00 price objective on shares of International Business Machines in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $304.17.

Check Out Our Latest Stock Analysis on IBM

International Business Machines Company Profile

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

See Also

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

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