Zhang Financial LLC Purchases 1,032 Shares of International Business Machines Co. (NYSE:IBM)

Zhang Financial LLC lifted its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,109 shares of the technology company's stock after buying an additional 1,032 shares during the quarter. Zhang Financial LLC's holdings in International Business Machines were worth $4,751,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vision Financial Markets LLC bought a new position in shares of International Business Machines in 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 grew its position 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. Park Square Financial Group LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth about $43,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth about $43,000. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on IBM. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Morgan Stanley cut their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report 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. Royal Bank of Canada raised their price target on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $250.31.

International Business Machines Trading Down 0.3%

Shares of International Business Machines stock traded down $0.83 on Thursday, reaching $280.69. The company had a trading volume of 3,413,514 shares, compared to its average volume of 4,232,579. The firm has a market cap of $260.87 billion, a price-to-earnings ratio of 43.79, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm's 50-day moving average price is $250.36 and its two-hundred day moving average price is $242.96. International Business Machines Co. has a 1 year low of $167.23 and a 1 year high of $282.97.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The company's quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts predict 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. Shareholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.39%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

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.