Diversify Wealth Management LLC Raises Stock Position in International Business Machines Corporation (NYSE:IBM)

Diversify Wealth Management LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,574 shares of the technology company's stock after buying an additional 1,997 shares during the period. Diversify Wealth Management LLC's holdings in International Business Machines were worth $4,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of IBM. Vanguard Group Inc. grew its position in shares of International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after purchasing an additional 1,539,888 shares in the last quarter. Geode Capital Management LLC grew its position in shares of International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock valued at $4,589,145,000 after purchasing an additional 427,499 shares in the last quarter. Capital World Investors grew its position in International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares in the last quarter. Northern Trust Corp grew its position in 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 acquiring an additional 1,704,209 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in International Business Machines by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after acquiring an additional 722,582 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Down 1.4%

Shares of NYSE IBM traded down $4.10 on Friday, reaching $283.33. 3,789,706 shares of the company's stock traded hands, compared to its average volume of 4,240,258. International Business Machines Corporation has a 12 month low of $178.50 and a 12 month high of $296.16. The business's 50 day simple moving average is $272.42 and its two-hundred day simple moving average is $251.52. The company has a market cap of $263.33 billion, a price-to-earnings ratio of 48.77, a price-to-earnings-growth ratio of 6.04 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 (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, beating 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 business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal 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 an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Analyst Ratings Changes

Several research analysts recently issued reports on IBM shares. The Goldman Sachs Group upped their target price 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. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, Bank of America upped their target price on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $259.06.

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.