First Command Advisory Services Inc. Has $861,000 Holdings in International Business Machines Corporation (NYSE:IBM)

First Command Advisory Services Inc. lessened its stake in International Business Machines Corporation (NYSE:IBM) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,461 shares of the technology company’s stock after selling 196 shares during the quarter. First Command Advisory Services Inc.’s holdings in International Business Machines were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IBM. Wealth Dimensions Group Ltd. increased its stake in International Business Machines by 1.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock worth $873,000 after purchasing an additional 40 shares during the period. Pallas Capital Advisors LLC increased its stake in International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock worth $1,195,000 after purchasing an additional 42 shares during the period. DMC Group LLC increased its stake in International Business Machines by 1.2% in the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company’s stock worth $875,000 after purchasing an additional 42 shares during the period. Titleist Asset Management LLC increased its stake in International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock worth $315,000 after purchasing an additional 43 shares during the period. Finally, Range Financial Group LLC increased its stake in shares of International Business Machines by 0.6% during the first quarter. Range Financial Group LLC now owns 7,350 shares of the technology company’s stock valued at $1,828,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IBM. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Wedbush upped their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Royal Bank Of Canada upped their target price on International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Finally, The Goldman Sachs Group upped their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.06.

International Business Machines Trading Up 0.1%

NYSE IBM opened at $283.86 on Tuesday. The stock has a market cap of $263.82 billion, a P/E ratio of 48.86, a P/E/G ratio of 5.95 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 12 month low of $181.81 and a 12 month high of $296.16. The stock’s fifty day moving average price is $273.87 and its 200-day moving average price is $252.73.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This is an increase 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 2.37%. International Business Machines’s dividend payout ratio is presently 115.66%.

About International Business Machines

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.