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

Telos Capital Management Inc. lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 24.9% in the first quarter, according to its most recent disclosure 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.

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

International Business Machines Trading Down 1.0%

NYSE IBM traded down $2.95 during trading hours on Thursday, reaching $287.19. The company's stock had a trading volume of 3,484,681 shares, compared to its average volume of 4,236,335. The firm has a fifty day simple moving average of $271.47 and a 200-day simple moving average of $251.07. The stock has a market cap of $266.91 billion, a P/E ratio of 49.43, a P/E/G ratio of 6.09 and a beta of 0.69. International Business Machines Corporation has a 52 week low of $176.62 and a 52 week 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 (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $14.41 billion. During the same quarter last year, the business earned $1.68 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared 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 is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.34%. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IBM shares. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Bank of America boosted their target price 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. Finally, Wedbush boosted their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note 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 given a strong buy rating to the company's stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Moderate Buy" and an average target price of $259.06.

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.