International Business Machines Corporation (NYSE:IBM) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,582 shares of the technology company’s stock after acquiring an additional 596 shares during the period. Larson Financial Group LLC’s holdings in International Business Machines were worth $4,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the first quarter valued at $27,000. Measured Risk Portfolios Inc. purchased a new position in International Business Machines in the fourth quarter valued at $43,000. Park Square Financial Group LLC purchased a new position in International Business Machines in the fourth quarter valued at $43,000. Mascagni Wealth Management Inc. purchased a new position in International Business Machines in the fourth quarter valued at $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Business Machines in the first quarter valued at $45,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

International Business Machines stock opened at $283.86 on Tuesday. The company’s 50 day simple moving average is $273.87 and its 200-day simple moving average is $252.73. The company has a market capitalization of $263.82 billion, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of 5.95 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $181.81 and a 1 year high of $296.16. 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 (NYSE:IBM) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share 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 firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the prior year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current 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 paid 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 annualized dividend and a yield of 2.37%. International Business Machines’s dividend payout ratio is presently 115.66%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IBM shares. BMO Capital Markets reissued a “market perform” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. UBS Group restated a “sell” rating and set a $195.00 price target (up from $170.00) on shares of International Business Machines in a research report on Wednesday, July 9th. 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. Wedbush boosted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Finally, The Goldman Sachs Group boosted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.06.

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.