International Business Machines Co. (NYSE:IBM) Stock Holdings Lifted by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,085 shares of the technology company’s stock after purchasing an additional 217 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in International Business Machines were worth $2,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in International Business Machines during the 1st quarter worth approximately $26,000. ESL Trust Services LLC purchased a new position in International Business Machines during the 1st quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines during the 4th quarter worth approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its holdings in shares of International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Royal Bank of Canada upped their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $184.93.

International Business Machines Price Performance

IBM traded up $3.23 during midday trading on Friday, reaching $202.13. 4,750,999 shares of the company’s stock were exchanged, compared to its average volume of 4,243,869. The firm has a market capitalization of $185.68 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a one year low of $135.87 and a one year high of $202.17. The business has a 50-day simple moving average of $186.57 and a two-hundred day simple moving average of $181.94.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 earnings per share. As a group, research analysts predict that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

About International Business Machines

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.