440 Shares in International Business Machines Co. (NYSE:IBM) Bought by VitalStone Financial LLC

VitalStone Financial LLC bought a new stake in shares of International Business Machines Co. (NYSE:IBM) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 440 shares of the technology company’s stock, valued at approximately $84,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IBM. Naples Money Management LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new stake in International Business Machines in the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at $31,000. Financial Synergies Wealth Advisors Inc. grew its position in shares of International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Finally, Creative Capital Management Investments LLC lifted its position in International Business Machines by 56.9% in the 1st quarter. Creative Capital Management Investments LLC now owns 204 shares of the technology company’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.8 %

IBM traded up $3.19 during trading on Friday, reaching $181.50. The company had a trading volume of 1,279,712 shares, compared to its average volume of 4,426,799. The firm’s 50-day simple moving average is $170.81 and its 200 day simple moving average is $177.30. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The company has a market cap of $166.73 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 4.39 and a beta of 0.71. International Business Machines Co. has a 12-month low of $132.94 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 3.68%. International Business Machines’s payout ratio is presently 75.65%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IBM shares. The Goldman Sachs Group started coverage on shares of International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price for the company. Wedbush lifted their target price on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of International Business Machines in a research note on Wednesday, May 22nd. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Finally, UBS Group increased their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $182.53.

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.