Telos Capital Management Inc. Acquires 1,566 Shares of International Business Machines Corporation (NYSE:IBM)

Telos Capital Management Inc. boosted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 24.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,846 shares of the technology company's stock after buying an additional 1,566 shares during the quarter. Telos Capital Management Inc.'s holdings in International Business Machines were worth $1,951,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IBM. Round Rock Advisors LLC grew its holdings in International Business Machines by 4.6% during the 1st quarter. Round Rock Advisors LLC now owns 14,995 shares of the technology company's stock worth $3,729,000 after acquiring an additional 662 shares during the period. Allworth Financial LP grew its holdings in International Business Machines by 23.3% during the 1st quarter. Allworth Financial LP now owns 75,242 shares of the technology company's stock worth $17,255,000 after acquiring an additional 14,234 shares during the period. Stonebrook Private Inc. grew its holdings in International Business Machines by 5.3% during the 1st quarter. Stonebrook Private Inc. now owns 1,577 shares of the technology company's stock worth $392,000 after acquiring an additional 79 shares during the period. CFO4Life Group LLC acquired a new stake in International Business Machines during the 1st quarter worth $202,000. Finally, Leavell Investment Management Inc. grew its holdings in International Business Machines by 12.1% during the 1st quarter. Leavell Investment Management Inc. now owns 21,474 shares of the technology company's stock worth $5,340,000 after acquiring an additional 2,316 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 1.4%

IBM traded down $4.10 during trading on Friday, hitting $283.33. The company had a trading volume of 3,789,706 shares, compared to its average volume of 4,238,068. The company has a market capitalization of $263.33 billion, a PE ratio of 48.77, a PEG ratio of 5.95 and a beta of 0.69. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16. The firm's 50-day moving average price is $273.18 and its 200 day moving average price is $252.30. 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 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.37%. International Business Machines's payout ratio is 115.66%.

Analyst Ratings Changes

IBM has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Wedbush boosted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a 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 issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.