Rebalance LLC Buys 2,548 Shares of International Business Machines Co. (NYSE:IBM)

Rebalance LLC grew its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 135.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,423 shares of the technology company's stock after purchasing an additional 2,548 shares during the quarter. Rebalance LLC's holdings in International Business Machines were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBM. 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 position in International Business Machines during the fourth quarter valued at $35,000. Tacita Capital Inc grew its holdings in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares during the period. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth $43,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE IBM opened at $276.84 on Monday. International Business Machines Co. has a twelve month low of $167.50 and a twelve month high of $283.06. The firm has a market cap of $257.29 billion, a P/E ratio of 43.19, a PEG ratio of 5.81 and a beta of 0.66. The company has a 50 day moving average of $252.60 and a 200 day moving average of $243.90. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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 analyst estimates 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 period in the previous year, the business earned $1.68 EPS. As a group, research analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid 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 dividend on an annualized basis and a yield of 2.43%. International Business Machines's payout ratio is currently 115.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBM shares. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Morgan Stanley lowered their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wedbush reissued an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a research note on Wednesday, May 7th. Royal Bank of Canada raised their target price on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $250.31.

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.

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