1,728 Shares in International Business Machines Co. (NYSE:IBM) Bought by LVW Advisors LLC

LVW Advisors LLC bought a new position in International Business Machines Co. (NYSE:IBM) during the 1st quarter, Holdings Channel reports. The fund bought 1,728 shares of the technology company’s stock, valued at approximately $330,000.

Other institutional investors have also recently bought and sold shares of the company. Naples Money Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the fourth quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines in the fourth quarter valued at about $31,000. Financial Gravity Asset Management Inc. boosted its position in International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. boosted its position in International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IBM shares. Morgan Stanley reduced their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. UBS Group upped their target price on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. BNP Paribas assumed coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Thursday, May 16th. Finally, Jefferies Financial Group reduced their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Up 1.2 %

Shares of IBM stock opened at $172.95 on Monday. The firm has a fifty day moving average of $169.95 and a 200-day moving average of $176.57. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a 12-month low of $131.55 and a 12-month high of $199.18. The company has a market capitalization of $158.87 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 4.27 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Co. will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $1.67 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.86%. International Business Machines’s dividend payout ratio is presently 75.65%.

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.