Brookwood Investment Group LLC Buys New Shares in International Business Machines Corporation (NYSE:IBM)

Key Points

• Brookwood Investment Group LLC recently acquired 2,162 shares of International Business Machines Corporation (IBM), valued at approximately $538,000, as part of their first-quarter investment strategy.
• IBM's stock price decreased by 0.3% to $259.70, while the company's market capitalization stands at $241.36 billion with a PE ratio of 42.16.
• IBM announced a quarterly dividend increase from $1.67 to $1.68 per share, resulting in an annualized dividend yield of 2.59% despite a payout ratio of 109.09%.

Brookwood Investment Group LLC bought a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,162 shares of the technology company's stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the 1st quarter valued at about $27,000. Measured Risk Portfolios Inc. purchased a new position in shares of International Business Machines in the 4th quarter valued at about $43,000. Park Square Financial Group LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at about $43,000. Mascagni Wealth Management Inc. purchased a new position in shares of International Business Machines in the 4th quarter valued at about $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of International Business Machines during the 1st quarter worth about $45,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IBM shares. Bank of America cut their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Moderate Buy" and a consensus price target of $268.75.

International Business Machines Price Performance

Shares of International Business Machines stock traded up $3.06 during trading on Monday, reaching $262.78. The company's stock had a trading volume of 2,258,242 shares, compared to its average volume of 4,621,054. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12-month low of $181.81 and a 12-month high of $296.16. The company has a market capitalization of $244.23 billion, a P/E ratio of 42.66, a price-to-earnings-growth ratio of 4.01 and a beta of 0.69. The business 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 posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the business earned $2.43 earnings per share. International Business Machines's quarterly revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business 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 represents a $6.72 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 109.09%.

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.