Strategic Advisors LLC Acquires 1,398 Shares of International Business Machines Co. (NYSE:IBM)

Strategic Advisors LLC grew its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 18.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,122 shares of the technology company's stock after acquiring an additional 1,398 shares during the period. Strategic Advisors LLC's holdings in International Business Machines were worth $2,268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Tallon Kerry Patrick bought a new position in shares of International Business Machines in the fourth quarter valued at $902,000. Brighton Jones LLC grew its position in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after acquiring an additional 2,323 shares during the period. Principal Securities Inc. grew its position in shares of International Business Machines by 12.5% in the 4th quarter. Principal Securities Inc. now owns 17,573 shares of the technology company's stock valued at $3,863,000 after acquiring an additional 1,946 shares during the period. Allworth Financial LP increased its stake in shares of International Business Machines by 45.0% during the 4th quarter. Allworth Financial LP now owns 61,008 shares of the technology company's stock worth $13,621,000 after purchasing an additional 18,926 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of International Business Machines by 25.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 3,743 shares of the technology company's stock valued at $823,000 after purchasing an additional 765 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

IBM stock opened at $281.66 on Tuesday. The company's 50-day moving average price is $253.83 and its two-hundred day moving average price is $244.28. The firm has a market cap of $261.77 billion, a P/E ratio of 43.94, a P/E/G ratio of 5.81 and a beta of 0.66. 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 Co. has a 12 month low of $167.50 and a 12 month high of $284.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period last year, the firm posted $1.68 earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Co. will post 10.78 earnings per share 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. Investors 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 2.39%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBM. Royal Bank of Canada lifted their price target on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. UBS Group restated a "sell" rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. 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 raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $250.31.

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.

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