International Business Machines Corporation (NYSE:IBM) Shares Bought by G&S Capital LLC

G&S Capital LLC raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 22.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,538 shares of the technology company's stock after purchasing an additional 2,304 shares during the quarter. International Business Machines accounts for 1.3% of G&S Capital LLC's holdings, making the stock its 19th largest holding. G&S Capital LLC's holdings in International Business Machines were worth $3,118,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IBM. Brighton Jones LLC increased its holdings in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of International Business Machines by 18.6% in the fourth quarter. Fisher Asset Management LLC now owns 18,292 shares of the technology company's stock valued at $4,021,000 after buying an additional 2,872 shares in the last quarter. Capital Wealth Planning LLC raised its holdings in shares of International Business Machines by 3.9% in the 4th quarter. Capital Wealth Planning LLC now owns 2,072,893 shares of the technology company's stock valued at $455,684,000 after buying an additional 78,198 shares during the period. Maia Wealth LLC raised its holdings in shares of International Business Machines by 20.8% in the 4th quarter. Maia Wealth LLC now owns 1,608 shares of the technology company's stock valued at $360,000 after buying an additional 277 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in International Business Machines by 21.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,962 shares of the technology company's stock worth $2,194,000 after acquiring an additional 1,765 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 1.7%

Shares of NYSE IBM traded up $4.94 during midday trading on Monday, hitting $294.64. 3,493,591 shares of the company's stock were exchanged, compared to its average volume of 4,220,959. The firm's fifty day simple moving average is $262.93 and its 200-day simple moving average is $247.77. The company has a market cap of $273.84 billion, a PE ratio of 50.71, a P/E/G ratio of 6.08 and a beta of 0.66. International Business Machines Corporation has a twelve month low of $173.38 and a twelve month 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 issued 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 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 in the previous year, the firm earned $1.68 EPS. The company's revenue was up .5% compared to the same quarter last year. Research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.28%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on IBM shares. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Morgan Stanley reduced their target price 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. UBS Group reissued a "sell" rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Wedbush upped their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. 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 one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $253.75.

International Business Machines Company 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.