William Howard & Co Financial Advisors Inc Makes New Investment in International Business Machines Corporation (NYSE:IBM)

William Howard & Co Financial Advisors Inc acquired a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 887 shares of the technology company's stock, valued at approximately $221,000.

A number of other large investors have also modified their holdings of IBM. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth about $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth about $35,000. Tacita Capital Inc increased its stake in shares of 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 purchasing an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth about $43,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $289.69 on Monday. The firm's 50 day moving average price is $262.93 and its 200-day moving average price is $247.77. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines Corporation has a one year low of $173.38 and a one year high of $296.16. The firm has a market cap of $269.24 billion, a P/E ratio of 49.86, a P/E/G ratio of 6.08 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the business posted $1.68 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued 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 dividend yield of 2.32%. International Business Machines's dividend payout ratio is currently 115.66%.

Wall Street Analyst Weigh In

IBM has been the subject of several research reports. UBS Group reaffirmed a "sell" rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. 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. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Morgan Stanley dropped their price objective on shares of 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. Finally, Bank of America upped their price objective on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $253.75.

International Business Machines Company 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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