RTD Financial Advisors Inc. Takes Position in International Business Machines Co. (NYSE:IBM)

RTD Financial Advisors Inc. bought a new stake in International Business Machines Co. (NYSE:IBM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 814 shares of the technology company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC raised its stake in shares of International Business Machines by 29.1% in the first quarter. CVA Family Office LLC now owns 2,730 shares of the technology company’s stock valued at $679,000 after acquiring an additional 615 shares during the period. Tudor Financial Inc. raised its stake in shares of International Business Machines by 46.6% in the first quarter. Tudor Financial Inc. now owns 2,307 shares of the technology company’s stock valued at $574,000 after acquiring an additional 733 shares during the period. West Branch Capital LLC increased its stake in International Business Machines by 92.0% in the 1st quarter. West Branch Capital LLC now owns 4,426 shares of the technology company’s stock worth $1,101,000 after buying an additional 2,121 shares during the period. Everhart Financial Group Inc. increased its stake in International Business Machines by 5.3% in the 1st quarter. Everhart Financial Group Inc. now owns 6,435 shares of the technology company’s stock worth $1,600,000 after buying an additional 326 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in International Business Machines in the 1st quarter worth about $228,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group reaffirmed a “sell” rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Morgan Stanley reduced their price target on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Wall Street Zen downgraded 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 issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $250.31.

International Business Machines Stock Down 1.5%

NYSE:IBM opened at $276.84 on Friday. International Business Machines Co. has a fifty-two week low of $167.23 and a fifty-two week high of $283.06. The stock has a market capitalization of $257.29 billion, a P/E ratio of 43.19, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company’s 50-day simple moving average is $252.60 and its 200-day simple moving average is $243.67.

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

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.43%. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

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.