Focused Wealth Management Inc Increases Position in International Business Machines Corporation (NYSE:IBM)

Focused Wealth Management Inc lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 18.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,520 shares of the technology company's stock after purchasing an additional 2,141 shares during the quarter. Focused Wealth Management Inc's holdings in International Business Machines were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IBM. Capital World Investors lifted its position in shares of International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares during the period. Norges Bank bought a new position in shares of International Business Machines during the 4th quarter worth approximately $1,236,176,000. GAMMA Investing LLC lifted its position in shares of International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after buying an additional 4,384,958 shares during the period. Northern Trust Corp lifted its position in shares of International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after buying an additional 1,704,209 shares during the period. Finally, Vanguard Group Inc. lifted 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 worth $20,189,023,000 after buying an additional 1,539,888 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBM. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. UBS Group reiterated a "sell" rating and issued a $195.00 price objective (up previously from $170.00) on shares of International Business Machines in a research report on Wednesday. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Bank of America lifted their price objective on International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of "Moderate Buy" and a consensus target price of $259.06.

International Business Machines Trading Down 1.4%

IBM traded down $4.10 during midday trading on Friday, hitting $283.33. 3,789,706 shares of the company were exchanged, compared to its average volume of 4,240,258. The firm has a market capitalization of $263.33 billion, a P/E ratio of 48.77, a P/E/G ratio of 6.04 and a beta of 0.69. International Business Machines Corporation has a 1-year low of $178.50 and a 1-year high of $296.16. The firm's 50 day moving average price is $273.18 and its 200-day moving average price is $251.92. 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 posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $14.41 billion. During the same period last year, the company posted $1.68 EPS. The business's quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given 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 payout ratio is presently 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.