Talbot Financial LLC Buys New Shares in International Business Machines Co. (NYSE:IBM)

Talbot Financial LLC bought a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,165 shares of the technology company’s stock, valued at approximately $986,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Naples Money Management LLC bought a new position in shares of International Business Machines during the 4th quarter valued at $28,000. Creekmur Asset Management LLC bought a new stake in International Business Machines in the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in International Business Machines in the 4th quarter worth $31,000. Stone House Investment Management LLC grew its holdings in International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 204 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. grew its holdings in International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.2 %

NYSE IBM traded up $2.15 during trading hours on Monday, reaching $175.10. 3,320,151 shares of the company’s stock traded hands, compared to its average volume of 4,556,641. International Business Machines Co. has a 52-week low of $131.55 and a 52-week high of $199.18. The firm has a market cap of $160.85 billion, a PE ratio of 19.83, a PEG ratio of 4.27 and a beta of 0.71. The firm has a 50-day simple moving average of $169.95 and a 200 day simple moving average of $176.57. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. International Business Machines’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. Sell-side analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.81%. International Business Machines’s payout ratio is 75.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group cut their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. UBS Group raised their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of International Business Machines in a research report on Wednesday, May 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a research report on Thursday, May 16th. Finally, Sanford C. Bernstein raised their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $182.53.

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.