Alpine Bank Wealth Management Invests $1.02 Million in International Business Machines Corporation (NYSE:IBM)

Alpine Bank Wealth Management acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,095 shares of the technology company's stock, valued at approximately $1,018,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new stake in International Business Machines in the fourth quarter worth about $31,000. Rialto Wealth Management LLC purchased a new stake in International Business Machines during the 4th quarter worth approximately $35,000. Tacita Capital Inc increased its stake in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of International Business Machines in the fourth quarter worth $43,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on IBM. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Wedbush upped their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Morgan Stanley dropped their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group reiterated a "sell" rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $253.75.

International Business Machines Trading Up 0.5%

Shares of NYSE IBM traded up $1.43 during trading on Thursday, hitting $292.49. 3,617,544 shares of the company were exchanged, compared to its average volume of 4,221,083. The company has a fifty day moving average price of $260.83 and a 200-day moving average price of $246.71. 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 firm has a market capitalization of $271.84 billion, a PE ratio of 50.34, a P/E/G ratio of 6.11 and a beta of 0.66. International Business Machines Corporation has a 12-month low of $170.48 and a 12-month high of $296.16.

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

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid 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 yield of 2.30%. International Business Machines's dividend payout ratio (DPR) is 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.