Park Avenue Securities LLC Buys 3,871 Shares of International Business Machines Co. (NYSE:IBM)

Park Avenue Securities LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 19.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,895 shares of the technology company's stock after acquiring an additional 3,871 shares during the quarter. Park Avenue Securities LLC's holdings in International Business Machines were worth $5,942,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in International Business Machines during the 4th quarter worth approximately $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $35,000. Tacita Capital Inc grew its holdings in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after acquiring an additional 122 shares during the last quarter. Finally, Measured Risk Portfolios Inc. bought a new stake in International Business Machines during the 4th quarter worth approximately $43,000. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, UBS Group reissued a "sell" rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $249.06.

International Business Machines Stock Performance

IBM opened at $268.95 on Monday. The company's fifty day moving average price is $248.17 and its two-hundred day moving average price is $242.11. The company has a market cap of $249.96 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 5.81 and a beta of 0.66. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $166.81 and a 1-year high of $270.17.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results 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 company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. On average, analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.50%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

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.

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