Alpha Cubed Investments LLC Has $1.87 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

Alpha Cubed Investments LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,507 shares of the technology company's stock after buying an additional 2,399 shares during the period. Alpha Cubed Investments LLC's holdings in International Business Machines were worth $1,867,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors raised its holdings in 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 valued at $2,634,577,000 after buying an additional 9,650,534 shares in the last quarter. Norges Bank bought a new position in shares of International Business Machines in the fourth quarter worth about $1,236,176,000. GAMMA Investing LLC increased its stake in shares of International Business Machines by 29,564.2% in the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after purchasing an additional 4,384,958 shares during the period. Northern Trust Corp increased its stake in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of International Business Machines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.1%

Shares of IBM traded up $0.38 during trading hours on Monday, reaching $292.35. The stock had a trading volume of 4,486,500 shares, compared to its average volume of 4,232,693. The company has a market cap of $271.71 billion, a P/E ratio of 50.32, a P/E/G ratio of 6.13 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 52 week low of $174.45 and a 52 week high of $296.16. The firm has a 50-day moving average of $268.36 and a 200 day moving average of $250.04.

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

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. 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. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group boosted 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, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $257.50.

International Business Machines Company 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.