Talbot Financial LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)

Talbot Financial LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,165 shares of the technology company’s stock, valued at approximately $986,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its holdings in International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after acquiring an additional 80,474 shares in the last quarter. Tsfg LLC boosted its holdings in shares of International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after buying an additional 109 shares in the last quarter. Auxano Advisors LLC boosted its holdings in shares of International Business Machines by 4.8% in the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after buying an additional 156 shares in the last quarter. Waverly Advisors LLC boosted its holdings in shares of International Business Machines by 48.1% in the 3rd quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock valued at $2,763,000 after buying an additional 6,397 shares in the last quarter. Finally, West Family Investments Inc. boosted its holdings in shares of International Business Machines by 7.6% in the 4th quarter. West Family Investments Inc. now owns 2,736 shares of the technology company’s stock valued at $447,000 after buying an additional 194 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

NYSE IBM traded up $2.15 on Monday, hitting $175.10. 3,320,151 shares of the company’s stock traded hands, compared to its average volume of 4,556,641. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a 1-year low of $131.55 and a 1-year high of $199.18. The firm’s 50-day moving average price is $169.95 and its two-hundred day moving average price is $176.57. The firm has a market capitalization of $160.85 billion, a PE ratio of 19.83, a P/E/G ratio of 4.27 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating 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 period in the previous year, the business posted $1.36 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts expect that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.81%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. International Business Machines’s payout ratio is 75.65%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IBM. Bank of America raised their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of International Business Machines in a report on Wednesday, May 22nd. Wedbush raised their price target on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Stifel Nicolaus restated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. Finally, Morgan Stanley lowered their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $182.53.

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.