Accretive Wealth Partners LLC Acquires New Position in International Business Machines Corporation (NYSE:IBM)

Key Points

• Accretive Wealth Partners LLC purchased 1,245 shares of International Business Machines Corporation (IBM) valued at approximately $310,000 in the first quarter.
• IBM recently increased its quarterly dividend to $1.68 per share, representing an annualized yield of 2.59%.
• The company's shares have a current price of $259.70, with a twelve month high of $296.16 and a low of $181.81.

Accretive Wealth Partners LLC acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,245 shares of the technology company's stock, valued at approximately $310,000.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock valued at $4,589,145,000 after acquiring an additional 427,499 shares in the last quarter. Capital World Investors grew its holdings in shares of International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares in the last quarter. Northern Trust Corp grew its holdings in shares of International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after buying an additional 1,704,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of International Business Machines by 9.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after buying an additional 722,582 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of International Business Machines by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,083,665 shares of the technology company's stock valued at $1,117,548,000 after acquiring an additional 99,510 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of IBM traded down $0.81 during mid-day trading on Friday, hitting $259.70. The company's stock had a trading volume of 7,751,998 shares, compared to its average volume of 4,613,670. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16. The stock has a market capitalization of $241.36 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 4.01 and a beta of 0.69. The firm has a 50-day moving average price of $277.69 and a 200 day moving average price of $256.27.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.43 earnings per share. On average, research analysts predict that International Business Machines Corporation will post 10.78 EPS 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. Investors of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.59%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IBM. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. raised their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada upped their price target on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of "Moderate Buy" and a consensus target price of $268.75.

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.