Retirement Guys Formula LLC Buys 995 Shares of International Business Machines Corporation (NYSE:IBM)

Retirement Guys Formula LLC increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 88.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,126 shares of the technology company's stock after acquiring an additional 995 shares during the quarter. Retirement Guys Formula LLC's holdings in International Business Machines were worth $516,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Capital World Investors lifted its stake in International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the period. Norges Bank acquired a new position in International Business Machines in the fourth quarter valued at about $1,236,176,000. GAMMA Investing LLC lifted its stake in International Business Machines by 29,564.2% in the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after buying an additional 4,384,958 shares during the period. Raymond James Financial Inc. acquired a new position in International Business Machines in the fourth quarter valued at about $592,746,000. Finally, Northern Trust Corp lifted its stake in International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after buying an additional 1,704,209 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 0.8%

Shares of NYSE:IBM traded down $2.24 during mid-day trading on Friday, reaching $289.69. 3,560,346 shares of the stock were exchanged, compared to its average volume of 4,223,758. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The company has a market cap of $269.24 billion, a P/E ratio of 49.86, a P/E/G ratio of 6.13 and a beta of 0.66. International Business Machines Corporation has a one year low of $170.53 and a one year high of $296.16. The stock's 50 day simple moving average is $262.93 and its 200-day simple moving average is $247.54.

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

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.32%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Analyst Upgrades and Downgrades

IBM has been the topic of several analyst reports. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America increased their price target on International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $253.75.

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.