CVA Family Office LLC Has $679,000 Holdings in International Business Machines Co. (NYSE:IBM)

CVA Family Office LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 29.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,730 shares of the technology company’s stock after acquiring an additional 615 shares during the quarter. CVA Family Office LLC’s holdings in International Business Machines were worth $679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JBR Co Financial Management Inc increased its holdings in International Business Machines by 0.6% during the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock worth $1,405,000 after buying an additional 40 shares during the last quarter. Wealth Dimensions Group Ltd. boosted its position in shares of 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 boosted its position in shares of 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 boosted its position 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 acquiring an additional 43 shares during the period. Finally, Titleist Asset Management LLC lifted its position in International Business Machines by 3.1% during 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 during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 1.5%

International Business Machines stock opened at $276.84 on Friday. The stock has a market cap of $257.29 billion, a P/E ratio of 43.19, a PEG 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. International Business Machines Co. has a 1 year low of $167.23 and a 1 year high of $283.06. The firm’s 50 day moving average price is $252.60 and its 200-day moving average price is $243.67.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm 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%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 dividend on an annualized basis and a dividend yield of 2.43%. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

Analyst Upgrades and Downgrades

Several research analysts have commented on IBM shares. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. Morgan Stanley reduced their price objective on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Bank of America upped their price target on shares of International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $250.31.

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.