Barlow Wealth Partners Inc. Purchases New Stake in International Business Machines Corporation (NYSE:IBM)

Barlow Wealth Partners Inc. bought a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,052 shares of the technology company's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its position in International Business Machines by 4.9% in the first quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the technology company's stock valued at $500,000 after buying an additional 94 shares in the last quarter. MBM Wealth Consultants LLC lifted its stake in International Business Machines by 5.4% in the first quarter. MBM Wealth Consultants LLC now owns 2,499 shares of the technology company's stock valued at $621,000 after buying an additional 129 shares in the last quarter. Clarity Capital Partners LLC bought a new position in shares of International Business Machines during the first quarter worth about $276,000. ZWJ Investment Counsel Inc. increased its stake in International Business Machines by 0.5% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 15,083 shares of the technology company's stock valued at $3,751,000 after buying an additional 80 shares during the last quarter. Finally, Able Wealth Management LLC acquired a new position in International Business Machines during the first quarter valued at approximately $221,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of IBM traded up $4.01 during trading hours on Thursday, reaching $291.66. The stock had a trading volume of 1,853,289 shares, compared to its average volume of 4,223,087. The stock has a market capitalization of $271.06 billion, a PE ratio of 50.20, a PEG ratio of 6.04 and a beta of 0.69. International Business Machines Corporation has a 12 month low of $173.95 and a 12 month high of $296.16. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The company's 50-day moving average is $265.93 and its two-hundred day moving average is $248.79.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. Research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.30%. International Business Machines's payout ratio is presently 115.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. UBS Group reissued a "sell" rating and issued a $170.00 price target (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $257.50.

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.