Telos Capital Management Inc. Boosts Stock Holdings in International Business Machines Corporation (NYSE:IBM)

Telos Capital Management Inc. increased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 24.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,846 shares of the technology company's stock after purchasing an additional 1,566 shares during the quarter. Telos Capital Management Inc.'s holdings in International Business Machines were worth $1,951,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after buying an additional 2,323 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of International Business Machines by 81.5% in the 4th quarter. Proficio Capital Partners LLC now owns 2,686 shares of the technology company's stock valued at $591,000 after purchasing an additional 1,206 shares during the last quarter. Davis R M Inc. lifted its stake in shares of International Business Machines by 34.2% in the 4th quarter. Davis R M Inc. now owns 11,211 shares of the technology company's stock valued at $2,465,000 after purchasing an additional 2,860 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of International Business Machines by 4.4% in the 4th quarter. Citizens Financial Group Inc. RI now owns 15,461 shares of the technology company's stock valued at $3,399,000 after purchasing an additional 646 shares during the last quarter. Finally, AGF Management Ltd. lifted its stake in shares of International Business Machines by 1.8% during the 4th quarter. AGF Management Ltd. now owns 17,561 shares of the technology company's stock worth $3,860,000 after acquiring an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. Bank of America raised their price target on International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. The Goldman Sachs Group raised their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley reduced their price objective on 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. Finally, BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $259.06.

International Business Machines Stock Performance

Shares of IBM stock traded down $3.57 on Friday, hitting $283.86. The company had a trading volume of 1,820,970 shares, compared to its average volume of 4,227,217. The firm has a market cap of $263.82 billion, a P/E ratio of 48.83, a price-to-earnings-growth ratio of 6.09 and a beta of 0.69. The company has a 50-day moving average price of $272.42 and a 200-day moving average price of $251.52. 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 Corporation has a twelve month low of $176.62 and a twelve month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released 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. The company had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. International Business Machines's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.37%. International Business Machines's dividend 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.