Revolve Wealth Partners LLC Acquires 163 Shares of International Business Machines Co. (NYSE:IBM)

Revolve Wealth Partners LLC lifted its holdings in International Business Machines Co. (NYSE:IBM) by 8.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,145 shares of the technology company’s stock after acquiring an additional 163 shares during the quarter. Revolve Wealth Partners LLC’s holdings in International Business Machines were worth $533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Tallon Kerry Patrick bought a new stake in International Business Machines during the 4th quarter valued at $902,000. Brighton Jones LLC raised its holdings in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Trilogy Capital Inc. raised its holdings in International Business Machines by 6.0% in the 4th quarter. Trilogy Capital Inc. now owns 975 shares of the technology company’s stock worth $214,000 after purchasing an additional 55 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in International Business Machines by 18.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,767 shares of the technology company’s stock worth $388,000 after purchasing an additional 281 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in International Business Machines in the 4th quarter worth $370,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $268.95 on Friday. The firm’s 50-day moving average price is $248.17 and its 200-day moving average price is $241.98. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company has a market cap of $249.96 billion, a PE ratio of 41.96, a PEG ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a 52-week low of $166.81 and a 52-week high of $270.17.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 EPS. As a group, analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.50%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is 115.66%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Oppenheimer assumed coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective for the company. Morgan Stanley decreased their price objective on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. 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 report on Thursday, May 15th. UBS Group restated a “sell” rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $249.06.

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.