FMB Wealth Management Invests $279,000 in International Business Machines Co. (NYSE:IBM)

FMB Wealth Management acquired a new position in shares of International Business Machines Co. (NYSE:IBM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,121 shares of the technology company’s stock, valued at approximately $279,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JBR Co Financial Management Inc lifted its stake in shares of International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 40 shares during the period. Wealth Dimensions Group Ltd. increased its holdings in International Business Machines by 1.0% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock valued at $873,000 after buying an additional 40 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in shares of International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock valued at $1,195,000 after acquiring an additional 42 shares during the period. Schechter Investment Advisors LLC boosted its stake in shares of International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock worth $1,396,000 after acquiring an additional 43 shares in the last quarter. Finally, Titleist Asset Management LLC grew its holdings in shares of International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock worth $315,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IBM shares. UBS Group reaffirmed a “sell” rating and set a $170.00 price objective (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of International Business Machines in a research note on Wednesday, May 7th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. Bank of America increased their price objective on International Business Machines from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Monday. Finally, Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $250.31.

International Business Machines Stock Performance

NYSE:IBM opened at $281.61 on Thursday. The company has a market cap of $261.73 billion, a P/E ratio of 43.93, a P/E/G ratio of 5.81 and a beta of 0.66. The firm’s 50 day moving average is $250.36 and its two-hundred day moving average is $242.96. International Business Machines Co. has a fifty-two week low of $167.23 and a fifty-two week high of $281.76. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

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

International Business Machines Increases Dividend

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

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.