Huntleigh Advisors Inc. Has $389,000 Holdings in International Business Machines Corporation (NYSE:IBM)

Huntleigh Advisors Inc. lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,564 shares of the technology company’s stock after buying an additional 270 shares during the quarter. Huntleigh Advisors Inc.’s holdings in International Business Machines were worth $389,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $396,000. Treasurer of the State of North Carolina grew its position in shares of International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company’s stock worth $108,942,000 after buying an additional 4,131 shares during the period. Mufg Securities Americas Inc. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $3,000,000. Magnolia Private Wealth LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $239,000. Finally, Ferguson Wellman Capital Management Inc. grew its position in shares of International Business Machines by 0.8% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 141,448 shares of the technology company’s stock worth $35,172,000 after buying an additional 1,058 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a “hold” rating in a report on Thursday, April 24th. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. UBS Group restated a “sell” rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $257.50.

International Business Machines Trading Up 1.4%

NYSE IBM opened at $291.66 on Friday. The stock has a market capitalization of $271.06 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 6.13 and a beta of 0.69. The stock’s 50 day moving average price is $268.36 and its two-hundred day moving average price is $249.65. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines Corporation has a 52 week low of $173.95 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. As a group, analysts anticipate that International Business Machines Corporation 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 dividend of $1.68 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.30%. International Business Machines’s dividend payout ratio is presently 115.66%.

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.