West Branch Capital LLC Has $1.10 Million Position in International Business Machines Co. (NYSE:IBM)

West Branch Capital LLC raised its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 92.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,426 shares of the technology company's stock after acquiring an additional 2,121 shares during the period. West Branch Capital LLC's holdings in International Business Machines were worth $1,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Vision Financial Markets LLC acquired a new stake in International Business Machines in the fourth quarter worth $31,000. Rialto Wealth Management LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at $35,000. Tacita Capital Inc lifted 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 worth $42,000 after acquiring an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. bought a new position in International Business Machines during the fourth quarter worth about $43,000. Finally, Park Square Financial Group LLC acquired a new position in International Business Machines in the fourth quarter valued at about $43,000. Institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. 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. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $250.31.

International Business Machines Stock Down 1.5%

Shares of NYSE:IBM traded down $4.20 during trading on Friday, hitting $276.84. 3,242,911 shares of the company were exchanged, compared to its average volume of 4,231,454. International Business Machines Co. has a fifty-two week low of $167.23 and a fifty-two week high of $283.06. The stock has a market cap of $257.29 billion, a price-to-earnings ratio of 43.19, a P/E/G 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. The firm has a fifty day moving average price of $252.60 and a two-hundred day moving average price of $243.67.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results 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 business had revenue of $14.54 billion for 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 period in the previous year, the company earned $1.68 earnings per share. As a group, research 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 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.