B & T Capital Management DBA Alpha Capital Management Takes Position in International Business Machines Corporation (NYSE:IBM)

B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 17,952 shares of the technology company's stock, valued at approximately $4,464,000.

Other institutional investors have also modified their holdings of the company. Focused Wealth Management Inc lifted its stake in International Business Machines by 18.8% in the 1st quarter. Focused Wealth Management Inc now owns 13,520 shares of the technology company's stock valued at $3,362,000 after acquiring an additional 2,141 shares in the last quarter. SkyOak Wealth LLC lifted its stake in International Business Machines by 1.3% in the 1st quarter. SkyOak Wealth LLC now owns 15,166 shares of the technology company's stock valued at $3,771,000 after acquiring an additional 190 shares in the last quarter. MA Private Wealth lifted its stake in International Business Machines by 3.6% in the 1st quarter. MA Private Wealth now owns 2,208 shares of the technology company's stock valued at $549,000 after acquiring an additional 77 shares in the last quarter. Callahan Advisors LLC increased its position in shares of International Business Machines by 11.0% during the 1st quarter. Callahan Advisors LLC now owns 6,171 shares of the technology company's stock worth $1,534,000 after purchasing an additional 613 shares during the last quarter. Finally, Greater Midwest Financial Group LLC increased its position in shares of International Business Machines by 6.6% during the 1st quarter. Greater Midwest Financial Group LLC now owns 1,472 shares of the technology company's stock worth $366,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IBM shares. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Bank of America boosted their price target on International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Finally, Royal Bank Of Canada boosted their price target on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $259.06.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $283.33 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The stock's fifty day moving average price is $273.18 and its two-hundred day moving average price is $251.92. International Business Machines Corporation has a one year low of $178.50 and a one year high of $296.16. The firm has a market cap of $263.33 billion, a price-to-earnings ratio of 48.77, a P/E/G ratio of 6.04 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the firm posted $1.68 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.37%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

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.

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