International Business Machines Co. (NYSE:IBM) Shares Bought by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,245 shares of the technology company’s stock after acquiring an additional 141 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in International Business Machines were worth $558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JBR Co Financial Management Inc grew its stake in International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 40 shares during the period. Wealth Dimensions Group Ltd. grew its stake in International Business Machines by 1.0% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock valued at $873,000 after acquiring an additional 40 shares during the period. Pallas Capital Advisors LLC grew its stake in International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock valued at $1,195,000 after acquiring an additional 42 shares during the period. Schechter Investment Advisors LLC lifted its holdings in shares of International Business Machines by 0.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock valued at $1,396,000 after purchasing an additional 43 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its holdings in shares of International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock valued at $315,000 after purchasing an additional 43 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

International Business Machines stock opened at $280.69 on Friday. International Business Machines Co. has a 52 week low of $167.23 and a 52 week high of $283.06. The company’s 50 day moving average price is $251.46 and its two-hundred day moving average price is $243.34. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market cap of $260.87 billion, a P/E ratio of 43.79, a P/E/G ratio of 5.81 and a beta of 0.66.

International Business Machines (NYSE:IBM) last posted its quarterly 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. The company had revenue of $14.54 billion for the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. On average, equities analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend 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 (DPR) is 115.66%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada boosted 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. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Bank of America upped their target price on International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Monday. Finally, Morgan Stanley dropped their target price 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. One 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $250.31.

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.