Twin Peaks Wealth Advisors LLC Invests $228,000 in International Business Machines Corporation (NYSE:IBM)

Twin Peaks Wealth Advisors LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 946 shares of the technology company's stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tallon Kerry Patrick bought a new position in shares of International Business Machines in the fourth quarter worth $902,000. Brighton Jones LLC lifted its holdings in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Life Planning Partners Inc bought a new position in International Business Machines in the 4th quarter valued at about $36,002,000. Catalyst Financial Partners LLC grew its position in International Business Machines by 5.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 4,818 shares of the technology company's stock valued at $1,059,000 after buying an additional 270 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in International Business Machines during the 4th quarter valued at about $245,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IBM shares. Wedbush reiterated an "outperform" rating and issued a $300.00 price objective on shares of International Business Machines in a report on Wednesday, May 7th. Morgan Stanley decreased their price target 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. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. UBS Group restated a "sell" rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $250.31.

International Business Machines Trading Up 0.4%

Shares of NYSE:IBM traded up $1.13 during mid-day trading on Tuesday, hitting $282.96. The stock had a trading volume of 3,067,681 shares, compared to its average volume of 4,234,403. The company's 50 day moving average is $254.78 and its 200-day moving average is $244.55. International Business Machines Corporation has a 12-month low of $168.38 and a 12-month high of $284.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The company has a market cap of $262.98 billion, a PE ratio of 48.70, a P/E/G ratio of 5.92 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations 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 revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. On average, sell-side 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. Stockholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

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.