RTD Financial Advisors Inc. Buys Shares of 814 International Business Machines Co. (NYSE:IBM)

RTD Financial Advisors Inc. bought a new stake in shares of International Business Machines Co. (NYSE:IBM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 814 shares of the technology company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CVA Family Office LLC increased its holdings in International Business Machines by 29.1% during the first quarter. CVA Family Office LLC now owns 2,730 shares of the technology company’s stock valued at $679,000 after buying an additional 615 shares during the last quarter. Tudor Financial Inc. increased its holdings in International Business Machines by 46.6% during the first quarter. Tudor Financial Inc. now owns 2,307 shares of the technology company’s stock valued at $574,000 after buying an additional 733 shares during the last quarter. West Branch Capital LLC increased its holdings in International Business Machines by 92.0% during the first quarter. West Branch Capital LLC now owns 4,426 shares of the technology company’s stock valued at $1,101,000 after buying an additional 2,121 shares during the last quarter. Everhart Financial Group Inc. increased its holdings in International Business Machines by 5.3% during the first quarter. Everhart Financial Group Inc. now owns 6,435 shares of the technology company’s stock valued at $1,600,000 after buying an additional 326 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in International Business Machines during the first quarter valued at approximately $228,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IBM. 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 report on Monday, June 9th. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. Jefferies Financial Group reiterated a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $250.31.

International Business Machines Price Performance

IBM stock opened at $276.84 on Friday. International Business Machines Co. has a 52 week low of $167.23 and a 52 week high of $283.06. 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 company has a fifty day simple moving average of $252.60 and a two-hundred day simple moving average of $243.67. The firm has a market capitalization of $257.29 billion, a P/E ratio of 43.19, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same quarter last year, the business earned $1.68 earnings per share. International Business Machines’s quarterly revenue was up .5% compared to the same quarter last year. Analysts anticipate 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 dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.43%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

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.