Jackson Thornton Wealth Management LLC Takes Position in International Business Machines Corporation (NYSE:IBM)

Jackson Thornton Wealth Management LLC purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,232 shares of the technology company's stock, valued at approximately $294,000.

Other large investors have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in shares of International Business Machines in the 4th quarter worth $31,000. Rialto Wealth Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth $35,000. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth $43,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines in the 4th quarter worth $43,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.1%

Shares of International Business Machines stock traded down $0.24 during trading on Monday, reaching $291.73. The stock had a trading volume of 3,055,270 shares, compared to its average volume of 4,227,451. The company has a market capitalization of $271.13 billion, a price-to-earnings ratio of 50.21, a P/E/G ratio of 6.13 and a beta of 0.69. The stock has a fifty day moving average price of $268.36 and a two-hundred day moving average price of $250.04. International Business Machines Corporation has a 52 week low of $174.45 and a 52 week high of $296.16. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. International Business Machines's revenue was up .5% on a year-over-year basis. Sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm 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 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 2.30%. International Business Machines's dividend payout ratio is currently 115.66%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Morgan Stanley lowered their price target 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, Bank of America lifted their price target on International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $257.50.

International Business Machines 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.