Calton & Associates Inc. Acquires New Shares in International Business Machines Corporation (NYSE:IBM)

Calton & Associates Inc. purchased 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 13F filing with the Securities & Exchange Commission. The firm purchased 4,040 shares of the technology company's stock, valued at approximately $1,005,000.

Other institutional investors have also recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC acquired a new stake in International Business Machines in the first quarter worth about $396,000. Treasurer of the State of North Carolina boosted its holdings in International Business Machines by 0.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Left Brain Wealth Management LLC lifted its holdings in shares of International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after purchasing an additional 16,592 shares during the period. Alpha Cubed Investments LLC lifted its holdings in shares of International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after purchasing an additional 2,399 shares during the period. Finally, Magnolia Private Wealth LLC acquired a new stake in shares of International Business Machines during the first quarter worth about $239,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of a number of research reports. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Royal Bank Of Canada boosted their price target on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Finally, Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $266.19.

International Business Machines Trading Up 1.9%

IBM stock traded up $5.25 during trading on Wednesday, reaching $287.21. 1,798,294 shares of the stock traded hands, compared to its average volume of 4,437,341. The business's 50 day moving average price is $276.39 and its 200-day moving average price is $254.50. The firm has a market capitalization of $266.93 billion, a PE ratio of 49.43, a P/E/G ratio of 5.98 and a beta of 0.69. International Business Machines Corporation has a 52-week low of $181.81 and a 52-week high of $296.16. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly 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. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the prior year, the firm earned $1.68 EPS. The business's quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.34%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. 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.