1,075 Shares in International Business Machines Corporation (NYSE:IBM) Purchased by Intellus Advisors LLC

Key Points

• Intellus Advisors LLC has acquired a new stake in International Business Machines Corporation (IBM), purchasing 1,075 shares valued at approximately $267,000 during the first quarter.
• IBM reported $2.80 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, and showed a revenue increase of 7.7% year-over-year with total revenue of $16.98 billion.
• The company recently increased its quarterly dividend to $1.68 per share, which represents an annualized payout of $6.72 and a yield of 2.59%.

Intellus Advisors LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,075 shares of the technology company's stock, valued at approximately $267,000.

Several other institutional investors have also recently added to or reduced their stakes in IBM. Wealth Dimensions Group Ltd. raised its stake in shares of International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after buying an additional 40 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after buying an additional 42 shares during the period. DMC Group LLC boosted its holdings in shares of International Business Machines by 1.2% in the first quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock valued at $875,000 after buying an additional 42 shares during the period. Titleist Asset Management LLC boosted its holdings in International Business Machines by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after purchasing an additional 43 shares during the last quarter. Finally, Range Financial Group LLC boosted its holdings in International Business Machines by 0.6% during the first quarter. Range Financial Group LLC now owns 7,350 shares of the technology company's stock worth $1,828,000 after purchasing an additional 43 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 0.3%

Shares of NYSE:IBM traded down $0.81 during mid-day trading on Friday, hitting $259.70. The company had a trading volume of 7,751,998 shares, compared to its average volume of 4,613,670. The firm has a fifty day moving average price of $277.69 and a 200 day moving average price of $256.27. The company has a market capitalization of $241.36 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 4.01 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 EPS. As a group, research 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 dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.59%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 109.09%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America cut their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday. Royal Bank Of Canada increased their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. BMO Capital Markets increased their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Finally, Wedbush increased their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $268.75.

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.